- EUR/KRW is currently trading around 1,294 mark.
- Pair made intraday high at 1,295 and low at 1,294 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 1,294 will take the parity higher towards key resistances around 1,302, 1,315, 1,327 and 1,338 marks respectively.
- On the other side, a daily close below 1,294 will drag the parity down towards key supports around 1,286, 1,277, 1,267, 1,258, 1,246, 1,234 and 1,222 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Seoul shares open up 0.49 pct.
- Korea, South July 2018 BOK manufacturing BSI increase to 81 (previous 76).
- Korea, South May 2018 industrial output yy increase to 0.9 (forecast 0.5 ).
- Korea, South May 2018 service sector output growth increase to -0.1.
- Korea, South May 2018 industrial output growth increase to 1.1 (forecast 0.1 ).
We prefer to take short position on EUR/KRW only below 1,293, stop loss at 1,302 and target of 1,286/1,277.
