Thursday, October 15, 2026

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FxWirePro: South Korean won trades marginally lower in early Asia, consistent close above 1,289 requires for upside rally

EUR/KRW is currently trading around 1,282 mark. It made intraday high at 1,283 and low at 1,280 levels. Intraday bias remains bullish till the time pair holds key support at 1,278 mark. A sustained close above 1,289 will…

By FxWirePro Team
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FxWirePro: South Korean won trades marginally lower in early Asia, consistent close above 1,289 requires for upside rally
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  • EUR/KRW is currently trading around 1,282 mark.
     
  • It made intraday high at 1,283 and low at 1,280 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 1,278 mark.
     
  • A sustained close above 1,289 will take the parity higher towards key resistances around 1,294, 1,307, 1,315 and 1,327 marks respectively.
     
  • On the other side, a daily close below 1,278 will drag the parity down towards key supports around 1,269, 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.
     
  • Seoul shares open up 0.15 pct.

We prefer to take long position on EUR/KRW around 1,280, stop loss 1,270 and target of 1,294/1,307.

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By FxWirePro Team