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- EUR/KRW is currently trading around 1,300 mark.
- Pair made intraday high at 1,301 and low at 1,296 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 1,294 mark.
- A sustained close above 1,300 will take the parity higher towards key resistances around 1,315, 1,327 and 1,338 marks respectively.
- On the other side, a daily close below 1,294 will drag the parity down towards key supports around 1,286, 1,277, 1,267, 1,258, 1,246, 1,234 and 1,222 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Korea, South June 2018 Nikkei markit manufacturing PMI increase to 49.8.
- Seoul shares open down 0.17 pct.
We prefer to take short position on EUR/KRW only below 1,294, stop loss at 1,302 and target of 1,286/1,277.
