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- EUR/KRW is currently trading around 1,320 mark.
- Pair made intraday high at 1,321 and low at 1,320 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 1,316 mark.
- A sustained close above 1,320 will take the parity higher towards key resistances around 1,330, 1,343, 1,355, 1,377 and 1,392 marks respectively.
- On the other side, a daily close below 1,320 will drag the parity down towards key supports around 1,315, 1,308, 1,298, 1,288, 1,272 and 1,264 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 0.37 pct.
We prefer to take lonh position on EUR/KRW only above 1,322, stop loss at 1,316 and target of 1,343.
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