- EUR/KRW is currently trading around 1,307 mark.
- Pair made intraday high at 1,310 and low at 1,307 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 1,315 will take the parity higher towards key resistances around 1,327, 1,338, 1,358 and 1,380 marks respectively.
- On the other side, a daily close below 1,305 will drag the parity down towards key supports around 1,291, 1,282, 1,277, 1,267, 1,258, 1,246 and 1,234 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take short position on EUR/KRW around 1,307, stop loss at 1,315 and target of 1,291.
