- EUR/KRW is currently trading around 1,257 mark.
- Pair made intraday high at 1,261 and low at 1,257 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1,280 mark.
- A sustained close above 1,260 will take the parity higher towards key resistances around 1,280, 1,294, 1,302, 1,315 and 1,327 marks respectively.
- On the other side, a daily close below 1,260 will drag the parity down towards key supports around 1,253, 1,246, 1,234, 1,222, 1,205 and 1,188 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Seoul shares open up 0.36 pct.
- Korea, South May unemployment rate increase to 4 % vs previous 3.8 %.
We prefer to take short position on EUR/KRW around 1,260, stop loss at 1,273 and target of 1,246.


FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/USD slips as dollar rebounds from six-week low
Major European Indices Trend Scores: DAX & CAC40 Hit Perfect 100, FTSE100 at 85 — All Bullish with Key Levels to Watch
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro- Woodies pivot (Major)
NZDJPY Bears Stay in Control After Sell-Off — Sell Rallies at 93 Targeting 90 as All EMAs Align Bearish
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish 



