EUR/KRW is currently trading around 1,303 mark. Pair made intraday high at 1,303 and low at 1,301 levels. Intraday bias remains bullish till the time pair holds key support at 1,290 mark. A sustained close above 1,302 wi…
Pair made intraday high at 1,303 and low at 1,301 levels.
Intraday bias remains bullish till the time pair holds key support at 1,290 mark.
A sustained close above 1,302 will take the parity higher towards key resistances around 1,307, 1,316, 1,321, 1,338, 1,351 and 1,377 marks respectively.
On the other side, a daily close below 1,302 will drag the parity down towards key supports around 1,290, 1,277, 1,265, 1,247, 1,234, 1,225, 1,218, 1,207, 1,200, 1,194 and 1,189 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 down 0.13 pct at 2438.78.
We prefer to take long position in EUR/KRW around 1,302, stop loss at 1,290 and target of 1,321.
