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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.

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January 19 15:30 UTC Released

USECRI Weekly Annualized

Actual

4.5 %

Forecast

Previous

3.3 %

January 19 15:30 UTC Released

USECRI Weekly Index

Actual

150.3 %

Forecast

Previous

147.6 %

January 21 02:00 UTC 14971497m

PHGDP YY

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Forecast

Previous

6.9 0

January 21 02:00 UTC 14971497m

PHGDP QQ

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Previous

1.3 0

January 21 21:00 UTC 26372637m

KRPPI Growth YY

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Previous

3.1 %

January 21 21:00 UTC 26372637m

KRPPI Growth

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Forecast

Previous

-0.1 %

January 21 23:00 UTC 27572757m

JPReuters Tankan DI

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Forecast

Previous

27 k

January 22 07:00 UTC 32373237m

NOIndus Confidence

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Forecast

Previous

2 0

January 22 08:00 UTC 32973297m

TWJobless Rate

Actual

Forecast

Previous

3.69 0

January 22 08:00 UTC 32973297m

TWExport Orders YY

Actual

Forecast

Previous

11.6 0

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