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- EUR/KRW is currently trading around 1,349 mark.
- Pair made intraday high at 1,349 and low at 1,347 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 1,348 will take the parity higher towards key resistances around 1,352, 1,363, 1,377 and 1,390 marks respectively.
- On the other side, a daily close below 1,348 will drag the parity down towards key supports around 1,343, 1,334, 1,326, 1,320, 1,313 and 1,302 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 up 0.05 pct.
- South Korea August PPI growth y/y increase to 3.2 % vs previous 3 %.
- South Korea August PPI growth increase to 0.3 % vs previous 0.1 %.
We prefer to take long position on EUR/KRW only above 1,352, stop loss at 1,343 and target of 1,363.
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