- EUR/KRW is currently trading around 1,312 mark.
- It made intraday high at 1,314 and low at 1,301 levels.
- Intraday bias remains bullish till the time pair holds key support at 1,300 mark.
- A sustained close above 1,311 will take the parity higher towards key resistances around 1,323, 1,347 and 1,363 marks respectively.
- On the other side, a daily close below 1,300 will drag the parity down towards key supports around 1,292, 1,282, 1,274, 1,265 and 1,244 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 1.37 pct lower at 2,145.35 points.
We prefer to take long position on EUR/KRW around 1,308, stop loss at 1,297 and target of 1,323/1,347.
