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- EUR/KRW is currently trading around 1,271 mark.
- It made intraday high at 1,271 and low at 1,269 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 1,265 mark.
- A sustained close above 1,269 will take the parity higher towards key resistances around 1,278, 1,282, 1,289, 1,294, 1,307, 1,315 and 1,327 marks respectively.
- On the other side, a daily close below 1,269 will drag the parity down towards key supports around 1,265, 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 shares open up 0.41 pct.
- Korea, South March 2019 CPI growth mm decrease to -0.2 % (forecast 0.35 %) vs previous 0.4 %.
- Korea, South March 2019 CPI growth yy decrease to 0.4 % (forecast 0.9 %) vs previous 0.5 %.
- Korea, South March 2019 CPI nsa decrease to 104.49 vs previous 104.69.
We prefer to take short position on EUR/KRW around 1,274, stop loss 1,282 and target of 1,265/1,257.
