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- EUR/KRW is currently trading around 1,325 mark.
- It made intraday high at 1,325 and low at 1,323 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 1,310 mark.
- A sustained close above 1,323 will take the parity higher towards key resistances around 1,327, 1,347 and 1,363 marks respectively.
- On the other side, a daily close above 1,323 will drag the parity down towards key supports around 1,310, 1,302, 1,290, 1,274, 1,265 and 1,244 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 1.02 point higher at 2,127.07.
We prefer to take long position on EUR/KRW around 1,322, stop loss at 1,317 and target of 1,347.
