EUR/KRW is currently trading around 1,271 mark. Pair made intraday high at 1,272 and low at 1,268 levels. Intraday bias remains bullish till the time pair holds key support at 1,262 mark. A consistent close below 1,262 w…
Pair made intraday high at 1,272 and low at 1,268 levels.
Intraday bias remains bullish till the time pair holds key support at 1,262 mark.
A consistent close below 1,262 will drag the parity down towards key supports around 1,250, 1,245, 1,235, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
Alternatively, a sustained close above 1,270 will take the parity higher towards key resistances around 1,280, 1,287 and 1,304 marks respectively.
Seoul shares open down 0.27 pct at 2043.30.
We prefer to go long on EUR/KRW around 1,270 with stop loss at 1,262 and target of 1,287/1,304.
