Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: South Korean won trades flat despite higher than expected manufacturing BSI index data

  • EUR/KRW is currently trading around 1,311 mark.
     
  • It made intraday high at 1,314 and low at 1,311 levels.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 1,318 mark.
     
  • A sustained close above 1,318 will take the parity higher towards key resistances around 1,332, 1,340, 1,358, 1,363, 1,377 and 1,392 marks respectively.
     
  • On the other side, a daily close below 1,308 will drag the parity down towards key supports around 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.
     
  • Seoul shares open down 0.05 pct.
     
  • Korea, South July 2019 BOK manufacturing BSI increase to 76 balance vs previous 72 balance. 

We prefer to take short position on EUR/KRW only below 1,311, stop loss 1,320 and target of 1,294.

  • ET PRO
  • Market Data

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

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 774183774183m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 774183774183m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 786003786003m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 774183774183m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 786003786003m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 774183774183m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 774183774183m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 774183774183m

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.