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- EUR/KRW is currently trading around 1,298 mark.
- Pair made intraday high at 1,298 and low at 1,296 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 1,302 will take the parity higher towards key resistances around 1,307, 1,315, 1,327, 1,338, 1,358 and 1,380 marks respectively.
- On the other side, a daily close below 1,295 will drag the parity down towards key supports around 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.
- Seoul shares open down 2.43 pct.
- Korea, South Q3 2018 GDP growth qq advance stays flat at 0.6 % (forecast 0.7 %) vs previous 0.6 %.
- Korea, South Q3 2018 GDP growth yy advance decrease to 2 % (forecast 2.2 %) vs previous 2.8 %.
We prefer to take long position on EUR/KRW only above 1,302, stop loss at 1,294 and target of 1,315.
