- EUR/KRW is currently trading around 1,300 mark.
- It made intraday high at 1,304 and low at 1,300 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1,304 mark.
- A sustained close above 1,304 will take the parity higher towards key resistances around 1,315, 1,327 and 1,340 marks respectively.
- On the other side, a daily close below 1,294 will drag the parity down towards key supports around 1,287, 1,278, 1,268, 1,257, 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 April 2019 Nikkei markit manufacturing PMI increase to 50.2 vs previous 48.8.
- Korea, South April 2019 CPI growth mm increase to 0.4 % (forecast 0.2 %) vs previous -0.2 %.
- Korea, South April 2019 CPI growth yy increase to 0.6 % (forecast 0.4 %) vs previous 0.4 %.
- Seoul shares open down 0.48 pct.
We prefer to take short position on EUR/KRW around 1,302, stop loss 1,309 and target of 1,294/1,287.


Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious 



