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FxWirePro: EUR/KRW remains well supported above 1,250 mark, sustained close 1,254 targets 1,272

Tuesday, December 6, 2016 1:39 AM UTC

EUR/KRW is currently trading around 1,255 mark.
Pair made intraday high at 1,256 and low at 1,253 levels.
Intraday bias remains bullish till the time pair holds immediate support at 1,242 mark.
A sustained close above 1,254 will take the parity higher towards key resistance around 1,269 and 1,272 marks respectively.
Key supports are seen at 1,242, 1,238, 1,227, 1,222 and 1,210 marks respectively.
Seoul shares open up 0.67 pct.

We prefer to go long on EUR/KRW around 1,254, with stop loss at 1,242 and target of 1,268/1,272.

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FxWirePro: EUR/KRW remains well supported above 1,250 mark, sustained close 1,254 targets 1,272

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