- EUR/KRW is currently trading around 1,286 mark.
- Pair made intraday high at 1,286 and low at 1,280 levels.
- Intraday bias remains neutral till the time pair holds key support at 1,278 mark.
- A sustained close above 1,281 will take the parity higher towards key resistances around 1,288, 1,295, 1,302, 1,313, 1,327, 1,338, 1,347, 1,355, 1,363, 1,377 and 1,390 marks respectively.
- On the other side, a daily close below 1,281 will drag the parity down towards key supports around 1,278, 1,264, 1,253 and 1,234 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- South Korea’s Kospi was trading at 0.09 percent lower at 2,538.17 points.
We prefer to take short position on EUR/KRW around 1,290, stop loss at 1,302 and target of 1,264.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: GBP/NZD remains bullish as rally continues
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: USD/CAD recovers slightly but trend is still bearish
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: USD/ZAR bears maintain upper hand
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 



