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FxWirePro: South Korean won falls surprisingly against euro, hits lowest level since September 2017

  • EUR/KRW is currently trading around 1,356 mark.
  • Pair made intraday high at 1,358 and low at 1,352 levels.
  • Intraday bias remains bullish till the time pair holds key support at 1,337 mark.
  • A sustained close above 1,356 will take the parity higher towards key resistances around 1,363, 1,377 and 1,392 marks respectively.
  • On the other side, a daily close below 1,355 will drag the parity down towards key supports around 1,338, 1,325, 1,308, 1,302, 1,288, 1,272 and 1,264 marks respectively.
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
  • Seoul shares open down 1.51 pct.
  • Korea, South Dec current account balance decrease to 4.66 bln us vs previous 5.67 bln us.

We prefer to take long position on EUR/KRW around 1,348, stop loss at 1,335 and target of 1,377.

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May 24 00:00 UTC Released

KRBank of Korea Base Rate

Actual

1.5 %

Forecast

1.5 %

Previous

1.5 %

May 24 00:00 UTC Released

SGGDP Final QQ

Actual

1.7 %

Forecast

1.4 %

Previous

1.4 %

January 31 00:00 UTC 162980162980m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 162980162980m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 174800174800m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 162980162980m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 174800174800m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 162980162980m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 162980162980m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 162980162980m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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