- EUR/KRW is currently trading around 1,294 mark.
- Pair made intraday high at 1,297 and low at 1,292 levels.
- Intraday bias remains neutral till the time pair holds key support at 1,290 mark.
- A sustained close above 1,297 will take the parity higher towards key resistances around 1,305, 1,316, 1,321, 1,338, 1,351 and 1,377 marks respectively.
- On the other side, a daily close below 1,290 will drag the parity down towards key supports around 1,277, 1,265, 1,247, 1,234, 1,225, 1,218, 1,207, 1,200, 1,194 and 1,189 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- South Korea June PPI growth y/y decrease to 2.8 % vs previous 3.4 % (revised from 3.5 %).
- South Korea June PPI growth m/m decrease to -0.4 % vs previous -0.3 % (revised from -0.2 %).
- Seoul shares open up 0.17 pct at 2430.09.
We prefer to take long position in EUR/KRW around 1,292, stop loss at 1,288 and target of 1,299/1,316.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro- Major Crypto levels and bias summary
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: USD/JPY bears maintain upper hand
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists 



