EUR/KRW is currently trading around 1,216 mark. Pair made intraday high at 1,216 and low at 1,212 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1,212 mark. A daily close below 1,2…
Pair made intraday high at 1,216 and low at 1,212 levels.
Intraday bias remains slightly bullish till the time pair holds key support at 1,212 mark.
A daily close below 1,212 will drag the parity down towards key supports around 1,208, 1,199, 1,191, 1,184, 1,178 and 1,163 marks respectively.
Alternatively, a sustained close above 1,212 will take the parity higher towards key resistances around 1,219, 1,228, 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
Seoul shares open up 0.02 pct at 2150.47.
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position in EUR/KRW only below 1,212, stop loss at 1,219 and target of 1,208/1,199/1,191.
