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FxWirePro: EUR/AUD loses upside momentum but outlook is bullish 
- EUR/KRW is currently trading around 1,266 mark.
- It made intraday high at 1,266 and low at 1,262 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 1,257 mark.
- A sustained close above 1,262 will take the parity higher towards key resistances around 1,272, 1,277, 1,282, 1,294, 1,307, 1,315 and 1,327 marks respectively.
- On the other side, a daily close below 1,257 will drag the parity down towards key supports around 1,246, 1,234, 1,218 and 1,206 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- South Korea’s Kospi was trading 0.92 pct lower at 2,081 points.
- Korea, South Oct 2018 current account balance NSA decrease to 9.19 usd vs previous 10.83 usd (revised from 10.83 usd).
We prefer to take long position on EUR/KRW only above 1,272, stop loss at 1,257 and target of 1,294.
