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FxWirePro: South Korean won falls surprisingly against euro, hits lowest level since September 2017

  • EUR/KRW is currently trading around 1,356 mark.
  • Pair made intraday high at 1,358 and low at 1,352 levels.
  • Intraday bias remains bullish till the time pair holds key support at 1,337 mark.
  • A sustained close above 1,356 will take the parity higher towards key resistances around 1,363, 1,377 and 1,392 marks respectively.
  • On the other side, a daily close below 1,355 will drag the parity down towards key supports around 1,338, 1,325, 1,308, 1,302, 1,288, 1,272 and 1,264 marks respectively.
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
  • Seoul shares open down 1.51 pct.
  • Korea, South Dec current account balance decrease to 4.66 bln us vs previous 5.67 bln us.

We prefer to take long position on EUR/KRW around 1,348, stop loss at 1,335 and target of 1,377.

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February 21 09:00 UTC Released

EZMarkit Serv Flash PMI

Actual

56.7 bln EUR

Forecast

57.6 bln EUR

Previous

58 bln EUR

February 21 09:00 UTC Released

EZMarkit Mfg Flash PMI

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58.5 Bln EUR

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59.3 Bln EUR

Previous

59.6 Bln EUR

January 31 00:00 UTC 3080830808m

ARAnnual Primary Balance*

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2016 bln ARS

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January 31 00:00 UTC 3080830808m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 4262842628m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 3080830808m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 4262842628m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 3080830808m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 3080830808m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 3080830808m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

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