FxWirePro: EUR/KRW touches 1,339 mark in early hours of Asia, hits highest level since March 2018
EUR/KRW is currently trading around 1,338 mark. It made intraday high at 1,339 and low at 1,337 levels. Intraday bias remains bullish till the time pair holds key support at 1,321 mark. A sustained close above 1,338 will…
It made intraday high at 1,339 and low at 1,337 levels.
Intraday bias remains bullish till the time pair holds key support at 1,321 mark.
A sustained close above 1,338 will take the parity higher towards key resistances around 1,341, 1,358, 1,363, 1,377 and 1,392 marks respectively.
On the other side, a daily close below 1,338 will drag the parity down towards key supports around 1,328, 1,317, 1,302, 1,294, 1,287, 1,278 and 1,268 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 0.73 pct.
We prefer to take long position on EUR/KRW around 1,338, stop loss 1,328 and target of 1,358/1,377.
