- EUR/KRW is currently trading around 1,282 mark.
- It made intraday high at 1,282 and low at 1,281 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 1,289 will take the parity higher towards key resistances around 1,294, 1,307, 1,315 and 1,327 marks respectively.
- On the other side, a daily close below 1,278 will drag the parity down towards key supports around 1,269, 1,257, 1,246 and 1,234 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Seoul's Kospi hits highest level since Oct 10, 2018.
- Korea, South March 2019 export growth revised stays flat at -8.2 % vs previous -8.2 %.
- Korea, South March 2019 import growth revised stays flat at -6.7 % vs previous -6.7 %.
- Korea, South March 2019 trade balance revised decrease to 5.21 usd vs previous 5.22 usd.
We prefer to take long position on EUR/KRW only above 1,290, stop loss 1,278 and target of 1,307.
