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FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
- EUR/KRW is currently trading around 1,318 mark.
- It made intraday high at 1,321 and low at 1,316 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1,337 mark.
- A sustained close above 1,337 will take the parity higher towards key resistances around 1,358, 1,377, 1,392, 1,400, 1,408 and 1,428 marks respectively.
- On the other side, a daily close below 1,320 will drag the parity down towards key supports around 1,307, 1,298, 1,274 and 1,265 marks respectively.
- Important to note here that 20D, 30D and 55D EMA up and confirms the bullish trend in a daily chart.
- South Korea’s kospi was trading 1.04 pct higher at 1,810.58 points.
- South Korea’s current account stands at 6.41B vs 1.01B previous release (expected 1.09B).
We prefer to take short position on EUR/KRW around 1,320, stop loss at 1,340 and target of 1,298/1,274.
