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- EUR/KRW is currently trading around 1,320 mark.
- It made intraday high at 1,321 and low at 1,318 levels.
- Intraday bias remains neutral till the time pair holds key support at 1,322 mark.
- A sustained close above 1,333 will take the parity higher towards key resistances around 1,347, 1,363 and 1,390 marks respectively.
- On the other side, a daily close below 1,318 will drag the parity down towards key supports around 1,307, 1,298, 1,274, 1,265, 1,244 and 1,222 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 current account stands at 1.01B vs 4.33B previous release.
- South Korea’s kospi was trading 0.60 pct higher at 2,071.92 points.
We, at FxWirepro, prefer to take short position on EUR/KRW only below 1,318, stop loss at 1,327 and target of 1,298/1,274.
