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FxWirePro: EUR/KRW slips below 1,350 mark, short term trend reversal likely

  • 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.

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-1541 %

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January 31 00:00 UTC 853971853971m

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Bln AR bln ARS

January 31 00:00 UTC 853971853971m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

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