Thursday, October 15, 2026

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FxWirePro: EUR/KRW stabilizes above 1,242 mark, focus shifts to ECB

EUR/KRW is currently trading around 1,246 mark. Pair made intraday high at 1,248 and low at 1,243 levels. Intraday bias remains slightly bullish till the time pair holds immediate support at 1,242 mark. A sustained close…

By FxWirePro Team
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FxWirePro: EUR/KRW stabilizes above 1,242 mark, focus shifts to ECB
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  • EUR/KRW is currently trading around 1,246 mark.
     
  • Pair made intraday high at 1,248 and low at 1,243 levels.
     
  • Intraday bias remains slightly bullish till the time pair holds immediate support at 1,242 mark.
     
  • A sustained close above 1,242 will take the parity higher towards key resistance around 1,252, 1,260, 1,269 and 1,272 marks respectively.
     
  • Key supports are seen at 1,242, 1,238, 1,227, 1,222 and 1,210 marks respectively.
     
  • Seoul shares open up 0.82 pct at 2008.31.
     
  • ECB will release interest rate decision at 1245 GMT.

We prefer to go short on EUR/KRW around 1,252, with stop loss at 1,268 and target of 1,242/1,231/1,222.

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By FxWirePro Team