FxWirePro: EUR/KRW remains well supported above 1,336 mark, stay long
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…
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.
