Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/KRW rejects key resistance at 1,224 mark, consistent close below 1,217 targets 1,201 mark

  • EUR/KRW is currently trading around 1,220 mark.
     
  • Pair made intraday high at 1,220 and low at 1,216 levels.

  • Intraday bias remains neutral till the time pair holds key support at 1,217 mark.
     
  • A daily close below 1,217 will drag the parity down towards key supports around 1,208, 1,200, 1,194, 1,189, 1,178, 1,163 and 1,154 marks respectively.

  • Alternatively, a sustained close above 1,217 will take the parity higher towards key resistances around 1,224, 1,228, 1,233, 1,242 and 1,252marks respectively.
     
  • Seoul shares open up 0.56 pct at 2161.24.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.

We prefer to take short position in EUR/KRW only below 1,217, stop loss at 1,224 and target of 1,201.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

April 23 00:30 UTC Released

JPNikkei Mfg PMI Flash

Actual

53.3 bln $

Forecast

Previous

53.1 bln $

April 20 19:00 UTC Released

USCattle Marketed

Actual

96 %

Forecast

95.9 %

Previous

102 %

January 31 00:00 UTC 118308118308m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 118308118308m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 130128130128m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 118308118308m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 130128130128m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 118308118308m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 118308118308m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 118308118308m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.