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FxWirePro: EUR/AUD loses upside momentum but outlook is bullish 
- EUR/KRW is currently trading around 1,338 mark.
- It made intraday high at 1,338 and low at 1,336 levels.
- Intraday bias remains bullish for the moment.
- A sustained close above 1,340 will take the parity higher towards key resistances around 1,358, 1,363, 1,377 and 1,392 marks respectively.
- On the other side, a daily close below 1,328 will drag the parity down towards key supports around 1,311, 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.
- South Korea’s Kospi was trading 1.37 pct lower at 1,970.23 points.
- South Korea July Forex reserves -USD stood at 403.11B vs 403.07B.
We prefer to take long position on EUR/KRW only above 1,340, stop loss 1,328 and target of 1,363/1,377.
