- EUR/KRW is currently trading around 1,346 mark.
- Pair made intraday high at 1,347 and low at 1,342 levels.
- Intraday bias remains bullish till the time pair holds key support at 1,342 mark.
- A sustained close above 1,342 will take the parity higher towards key resistances around 1,349, 1,355, 1,363, 1,377 and 1,390 marks respectively.
- On the other side, a daily close below 1,342 will drag the parity down towards key supports around 1,334, 1,326, 1,320, 1,313 and 1,302 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- South Korea September consumer sentiment index decrease to 107.7 vs previous 109.9.
- Seoul shares open down 0.37 pct.
We prefer to take long position on EUR/KRW around 1,345, stop loss at 1,340 and target of 1,355/1,363.
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