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- EUR/KRW is currently trading around 1,314 mark.
- Pair made intraday high at 1,317 and low at 1,314 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 1,315 mark.
- A sustained close above 1,315 will take the parity higher towards key resistances around 1,327, 1,338, 1,358 and 1,380 marks respectively.
- On the other side, a daily close below 1,315 will drag the parity down towards key supports around 1,307, 1,297, 1,289, 1,277, 1,267, 1,258, 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.
- Korea, South Aug 2018 current account bal sa decrease to 8.44 usd vs previous 8.76 usd (revised from 8.76 usd).
- Seoul shares open down 2.35 pct.
We prefer to take long position on EUR/KRW around 1,310, stop loss at 1,297 and target of 1,320/1,327.
