- EUR/KRW is currently trading around 1,343 mark.
- Pair made intraday high at 1,343 and low at 1,341 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 1,338 mark.
- A sustained close above 1,341 will take the parity higher towards key resistances around 1,347, 1,355, 1,363, 1,377 and 1,390 marks respectively.
- On the other side, a daily close below 1,341 will drag the parity down towards key supports around 1,334, 1,326, 1,320, 1,313 and 1,302 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 0.14 pct.
- South Korea end - Sept foreign exchange reserves at $384.67 bln vs $384.84 bln at end - Aug.
We prefer to take long position on EUR/KRW around 1,341, stop loss at 1,334 and target of 1,352.
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