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- EUR/KRW is currently trading around 1,347 mark.
- It made intraday high at 1,348 and low at 1,344 levels.
- Intraday bias remains neutral till the time pair holds key support at 1,344 mark.
- A sustained close above 1,344 will take the parity higher towards key resistances around 1,357, 1,373, 1,410 and 1,434 marks respectively.
- On the other side, a daily close below 1,344 will drag the parity down towards key supports around 1,336, 1,311, 1,302, 1,294, 1,287, 1,278 and 1,268 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- South Korea’s Kospi was trading 1.25 pct lower at 1,913.94 point.
We prefer to take short position on EUR/KRW around 1,350, stop loss 1,362 and target of 1,311.
