- EUR/KRW is currently trading around 1,364 mark.
- It made intraday high at 1,365 and low at 1,364 levels.
- Intraday bias remains bullish till the time pair holds key support at 1,350 mark.
- A sustained close above 1,365 will take the parity higher towards key resistances around 1,373, 1,392, 1,410 and 1,434 marks respectively.
- On the other side, a daily close below 1,350 will drag the parity down towards key supports around 1,336, 1,311, 1,302, 1,294, 1,287, 1,278 and 1,268 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- South Korea’s Kospi was trading 0.53 pct lower at 1,931.17 points.
We prefer to take long position on EUR/KRW only above 1,370, stop loss 1,350 and target of 1,392/1,410.
