- EUR/KRW is currently trading around 1,334 mark.
- Pair made intraday high at 1,335 and low at 1,330 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 1,335 mark.
- A sustained close above 1,335 will take the parity higher towards key resistances around 1,357, 1,377 and 1,392 marks respectively.
- On the other side, a daily close below 1,335 will drag the parity down towards key supports around 1,325, 1,308, 1,302, 1,288, 1,272 and 1,264 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- BOK - Monetary policy to remain accommodative.
- BOK - Debt burden may slow down private consumption growth.
- BOK - Sees strong exports of memory chips, oil products.
We prefer to take long position on EUR/KRW only above 1,335, stop loss at 1,325 and target of 1,357.
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