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FxWirePro: EUR/KRW hits fresh 2-week low at 1,279 mark, stay bearish

  • EUR/KRW is currently trading around 1,280 mark.
     
  • It made intraday high at 1,283 and low at 1,279 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1,289 mark.
     
  • A sustained close above 1,283 will take the parity higher towards key resistances around 1,289, 1,294, 1,307, 1,315 and 1,327 marks respectively.
     
  • On the other side, a daily close below 1,283 will drag the parity down towards key supports around  1,278, 1,272, 1,265, 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. Current downside movement is short term trend correction only.
     
  • Seoul shares open up 0.38 pct.

We prefer to take short position on EUR/KRW around 1,282, stop loss 1,289 and target of 1,272/1,265.

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2019-06-27 00:41:53
0m

June 27 01:30 UTC Released

CNSales Turnover

Actual

1.1 Percent

Forecast

Previous

-3.7 Percent

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CNTurnover/sales cum Y/Y

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-2.3 Percent

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-3.4 Percent

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ARAnnual Primary Balance*

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Bln AR bln ARS

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ARTrade Balance

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-1541 %

January 31 00:00 UTC 737406737406m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 749226749226m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 737406737406m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 737406737406m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 737406737406m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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