- EUR/KRW is currently trading around 1,301 mark.
- Pair made intraday high at 1,302 and low at 1,300 levels.
- Intraday bias remains slightly bullish for the moment.
- A sustained close above 1,300 will take the parity higher towards key resistances around 1,308, 1,315, 1,327, 1,338, 1,358 and 1,380 marks respectively.
- On the other side, a daily close below 1,300 will drag the parity down towards key supports around 1,291, 1,282, 1,277, 1,267, 1,258, 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 down 0.13 pct.
- Korea, South July 2018 current account balance sa increase to 8.76 usd vs previous 7.38 usd (revised from 7.38 usd).
We prefer to take long position on EUR/KRW only above 1,302, stop loss at 1,292 and target of 1,315.
