- EUR/KRW is currently trading around 1,360 mark.
- It made intraday high at 1,360 and low at 1,341 levels.
- Intraday bias remains bullish till the time pair holds key support at 1,336 mark.
- A sustained close above 1,362 will take the parity lower towards key resistances around 1,374, 1,390, 1,400, 1,408 and 1,428 marks respectively.
- On the other side, a daily close below 1,336 will drag the parity down towards key supports around 1,318, 1,307, 1,298, 1,274, 1,265, 1,244 and 1,222 marks respectively.
- Important to note here that 20D, 30D and 55D EMA up and confirms the bullish trend in a daily chart.
- South Korea’s kospi was trading 3.80 pct lower at 1,835.80 points.
We prefer to take long position on EUR/KRW around 1,350, stop loss at 1,336 and target of 1,374/1,390/1,400.
