EUR/KRW is currently trading around 1,258 mark. Pair made intraday high at 1,260 and low at 1,256 levels. Intraday bias remains bullish till the time pair holds key support at 1,250 mark. A daily close below 1,256 will d…
Pair made intraday high at 1,260 and low at 1,256 levels.
Intraday bias remains bullish till the time pair holds key support at 1,250 mark.
A daily close below 1,256 will drag the parity down towards key supports around 1,247, 1,242, 1,234, 1,225, 1,218, 1,207, 1,200, 1,194, 1,189, 1,178, 1,163 and 1,154 marks respectively.
Alternatively, a sustained close above 1,256 will take the parity higher towards key resistances around 1,263, 1,274, 1,287 and 1,304 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 0.33 pct at 2319.37.
We prefer to take long position in EUR/KRW around 1,257, stop loss at 1,250 and target of 1,263/1,274/1,287.
