FxWirePro: EUR/KRW rejects key support at 1,327 mark, bias turns bullish again
EUR/KRW is currently trading around 1,337 mark. Pair made intraday high at 1,338 and low at 1,335 levels. Intraday bias remains bullish till the time pair holds key support at 1,327 mark. A sustained close above 1,334 wi…
Pair made intraday high at 1,338 and low at 1,335 levels.
Intraday bias remains bullish till the time pair holds key support at 1,327 mark.
A sustained close above 1,334 will take the parity higher towards key resistances around 1,340, 1,347, 1,355, 1,363, 1,377 and 1,390 marks respectively.
On the other side, a daily close below 1,334 will drag the parity down towards key supports around 1,327, 1,320, 1,313 and 1,302 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 0.17 pct.
We prefer to take long position on EUR/KRW around 1,335, stop loss at 1,327 and target of 1,347/1,355.
