FxWirePro: South Korean won remains unchanged against euro after unemployment rate data, bias remains neutral
EUR/KRW is currently trading around 1,315 mark. Pair made intraday high at 1,315 and low at 1,314 levels. Intraday bias remains neutral till the time pair holds key resistance at 1,315 mark. A sustained close above 1,315…
Pair made intraday high at 1,315 and low at 1,314 levels.
Intraday bias remains neutral till the time pair holds key resistance at 1,315 mark.
A sustained close above 1,315 will take the parity higher towards key resistances around 1,327, 1,338, 1,358 and 1,380 marks respectively.
On the other side, a daily close below 1,312 will drag the parity down towards key supports around 1,307, 1,297, 1,289, 1,277, 1,267, 1,258, 1,246 and 1,234 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
Korea, South Sep 2018 unemployment rate decrease to 4 % vs previous 4.2 %.
Seoul shares open up 0.09 pct.
We prefer to take long position on EUR/KRW around 1,313, stop loss at 1,307 and target of 1,327.
