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FxWirePro: EUR/KRW hovers around key support at 1,327 mark, sustained close below targets 1,317 mark

  • EUR/KRW is currently trading around 1,328 mark.
     
  • It made intraday high at 1,328 and low at 1,327 levels.
     
  • Intraday bias remains neutral till the time pair holds key support at 1,327 mark.
     
  • A sustained close above 1,333 will take the parity higher towards key resistances around 1,340, 1,358, 1,363, 1,377 and 1,392 marks respectively.
     
  • On the other side, a daily close below 1,327 will drag the parity down towards key supports around 1,317, 1,302, 1,294, 1,287, 1,278 and 1,268 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 down 0.08 pct.

We prefer to take short position on EUR/KRW only below 1,327, stop loss 1,340 and target of 1,317/1,302.

  • Market Data
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