- EUR/KRW is currently trading around 1,302 mark.
- It made intraday high at 1,303 and low at 1,301 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 1,302 will take the parity higher towards key resistances around 1,312, 1,324, 1,332, 1,347 and 1,363 marks respectively.
- On the other side, a daily close below 1,300 will drag the parity down towards key supports around 1,290, 1,282, 1,274, 1,265 and 1,244 marks respectively.
- Important to note here that 20D, 30D and 55D EMA up and confirms the bullish trend in a daily chart.
- South Korea’s kospi was trading 0.70 pct lower at 2,212.54 points.
We prefer to take long position on EUR/KRW only above 1,305, stop loss at 1,295 and target of 1,312/1,324.
