- EUR/KRW is currently trading around 1,313 mark.
- Pair made intraday high at 1,314 and low at 1,311 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1,327 mark.
- A sustained close above 1,313 will take the parity higher towards key resistances around 1,327, 1,338, 1,347, 1,355, 1,363, 1,377 and 1,390 marks respectively.
- On the other side, a daily close below 1,313 will drag the parity down towards key supports around 1,302, 1,292 and 1,268 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 0.19 pct.
- South Korea Oct consumer sentiment index increase to 109.2 vs previous 108.
We prefer to take short position on EUR/KRW only below 1,325, stop loss at 1,338 and target of 1,313.
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