FxWirePro: EUR/KRW rejects key support at 1,330 mark, bias remains bullish
EUR/KRW is currently trading around 1,338 mark. Pair made intraday high at 1,340 and low at 1,334 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1,325 mark. A sustained close above…
Pair made intraday high at 1,340 and low at 1,334 levels.
Intraday bias remains slightly bullish till the time pair holds key support at 1,325 mark.
A sustained close above 1,336 will take the parity higher towards key resistances around 1,339, 1,349, 1,363, 1,377 and 1,390 marks respectively.
On the other side, a daily close below 1,336 will drag the parity down towards key supports around 1,325, 1,313, 1,302, 1,290, 1,277, 1,265 and 1,247 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 down 0.91 pct.
We prefer to take long position on EUR/KRW around 1,335, stop loss at 1,325 and target of 1,349.
