FxWirePro: EUR/KRW remains well supported above 1,320 mark, good to buy on dips
EUR/KRW is currently trading around 1,325 mark. Pair made intraday high at 1,325 and low at 1,321 levels. Intraday bias remains bullish till the time pair holds key support at 1,320 mark. A sustained close above 1,321 wi…
Pair made intraday high at 1,325 and low at 1,321 levels.
Intraday bias remains bullish till the time pair holds key support at 1,320 mark.
A sustained close above 1,321 will take the parity higher towards key resistances around 1,332, 1,343, 1,355, 1,377 and 1,392 marks respectively.
On the other side, a daily close below 1,321 will drag the parity down towards key supports around 1,308, 1,302, 1,288, 1,272 and 1,264 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 0.39 pct.
We prefer to take long position on EUR/KRW only above 1,327, stop loss at 1,320 and target of 1,355.
