Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/KRW stabilizes above 1,310 mark, sustained close above 1,320 requires for upside rally

  • EUR/KRW is currently trading around 1,313 mark.
     
  • It made intraday high at 1,314 and low at 1,311 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 1,310 mark.
     
  • A sustained close above 1,319 will take the parity higher towards key resistances around 1,327, 1,347 and 1,363 marks respectively.
     
  • On the other side, a daily close below 1,310 will drag the parity down towards key supports around 1,302, 1,290, 1,274, 1,265, 1,244, 1,212 and 1,200 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
     
  • South Korea’s Kospi was trading 0.43 point higher at 2,090.78.

We prefer to take short position on EUR/KRW only below 1,310, stop loss at 1,320 and target of 1,302/1,290.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.