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- EUR/KRW is currently trading around 1,312 mark.
- It made intraday high at 1,314 and low at 1,311 levels.
- Intraday bias remains bullish till the time pair holds key support at 1,302 mark.
- A sustained close above 1,311 will take the parity higher towards key resistances around 1,315, 1,322 and 1,340 marks respectively.
- On the other side, a daily close below 1,311 will drag the parity down towards key supports around 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 down 0.38 pct.
We prefer to take long position on EUR/KRW around 1,311, stop loss 1,302 and target of 1,322/1,327.
