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  • FxWirePro: EUR/KRW hovers around key support at 1,348 mark, sustained close below targets 1,326 mark

    Source: FxWireTechnicals / 25-September-2017 02:22:48   GMT
    • EUR/KRW is currently trading around 1,347 mark.
       
    • Pair made intraday high at 1,352 and low at 1,346 levels.
       
    • Intraday bias remains bearish till the time pair holds key resistance at 1,352 mark.
       
    • A sustained close above 1,352 will take the parity higher towards key resistances around 1,363, 1,377 and 1,390 marks respectively.
       
    • On the other side, a daily close below 1,348 will drag the parity down towards key supports around 1,343, 1,334, 1,326, 1,320, 1,313 and 1,302 marks respectively.
       
    • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
       
    • Seoul shares open down 0.02 pct.

    We prefer to take short position on EUR/KRW only below 1,343, stop loss at 1,352 and target of 1,334/1,326.

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