EUR/KRW is currently trading around 1,285 mark. It made intraday high at 1,285 and low at 1,284 levels. Intraday bias remains bullish till the time pair holds key support at 1,278 mark. A sustained close above 1,285 will…
It made intraday high at 1,285 and low at 1,284 levels.
Intraday bias remains bullish till the time pair holds key support at 1,278 mark.
A sustained close above 1,285 will take the parity higher towards key resistances around 1,294, 1,307, 1,315 and 1,327 marks respectively.
On the other side, a daily close below 1,281 will drag the parity down towards key supports around 1,272, 1,265, 1,257, 1,246 and 1,234 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
Seoul shares open up 0.28 pct.
We prefer to take long position on EUR/KRW around 1,282, stop loss at 1,278 and target of 1,294 mark.
