- EUR/KRW is currently trading around 1,258 mark.
- Pair made intraday high at 1,258 and low at 1,252 levels.
- Intraday bias remains bullish till the time pair holds key support at 1,247 marks.
- A sustained close above 1,253 will take the parity higher towards key resistances around 1,262, 1,269, 1,274, 1,287 and 1,304 marks respectively.
- On the other side, a daily close below 1,253 will drag the parity down towards key supports around 1,247, 1,234, 1,225, 1,218, 1,207, 1,200, 1,194 and 1,189 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Seoul shares open up 0.03 pct at 2373.36.
We prefer to take long position in EUR/KRW around 1,255, stop loss 1,247 and target of 1,269/1,287.
