- EUR/KRW is currently trading around 1,337 mark.
- It made intraday high at 1,337 and low at 1,334 levels.
- Intraday bias remains bullish till the time pair holds key support at 1,315 mark.
- A sustained close above 1,334 will take the parity higher towards key resistances around 1,347, 1,363 and 1,390 marks respectively.
- On the other side, a daily close below 1,318 will drag the parity down towards key supports around 1,307, 1,298, 1,274, 1,265, 1,244 and 1,222 marks respectively.
- Important to note here that 20D, 30D and 55D EMA up and confirms the bullish trend in a daily chart.
- South Korea’s kospi was trading 2.01 pct lower at 2,043.33 points.
We prefer to take long position on EUR/KRW around 1,330, stop loss at 1,315 and target of 1,347/1,363.
