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FxWirePro-Major European Indices 
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update 
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EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance 
- USD/KRW is currently trading around 1,112 levels.
- It made intraday high at 1,112 and low at 1,110 levels.
- Intraday bias remains neutral till the time pair holds key support at 1,105 levels.
- A sustained close below 1,105 will test key supports at 1,101/1,095/1,078/1,063 levels respectively.
- Alternatively, reversal from immediate support will drag the parity higher towards key resistances at 1,117, 1,124, 1,138, 1,142, 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.
- In addition, South Korea’s Kospi was trading 0.60 percent higher at 2,011.59 points.
We prefer to take long position in USD/KRW only above 1,117 with stop loss at 1,105 and target 1,142.
