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FxWirePro: South Korean won trades marginally higher in early Asia, faces immediate support at 1,278 mark

  • EUR/KRW is currently trading around 1,281 mark.
     
  • It made intraday high at 1,283 and low at 1,281 levels.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 1,289 mark.
     
  • A sustained close above 1,285 will take the parity higher towards key resistances around 1,289, 1,294, 1,307, 1,315 and 1,327 marks respectively.
     
  • On the other side, a daily close below 1,281 will drag the parity down towards key supports around  1,272, 1,265, 1,257, 1,246 and 1,234 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 1.29 pct.

We prefer to take short position on EUR/KRW only below 1,278, stop loss 1,289 and target of 1,272/1,265.

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2019-06-25 03:13:10
0m

June 25 04:00 UTC Released

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-3.99 %

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-0.1 %

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2.6 -8.6

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86.9 -8.6

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-1541 %

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ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 746554746554m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 734734734734m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 734734734734m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 734734734734m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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