EUR/KRW is currently trading around 1,317 mark. Pair made intraday high at 1,317.9 and low at 1,317 levels. Intraday bias remains neutral till the time pair holds key support at 1,315 mark. A sustained close above 1,318 …
Pair made intraday high at 1,317.9 and low at 1,317 levels.
Intraday bias remains neutral till the time pair holds key support at 1,315 mark.
A sustained close above 1,318 will take the parity higher towards key resistances around 1,327, 1,332, 1,340, 1,356, 1,377 and 1,392 marks respectively.
On the other side, a daily close below 1,315 will drag the parity down towards key supports around 1,305, 1,298, 1,291, 1,273, 1,264, 1,242 and 1,222 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
Seoul shares open up 0.56 pct.
We prefer to take short position on EUR/KRW only below 1,315, stop loss at 1,327 and target of 1,305.
