• FxWirePro: EUR/KRW hits fresh 2-week high at 1,331 Mark, bias remains bullish

    Source: FxWire Pro - Technicals / 22 Mar 2018 22:15:20   Eastern Standard Time

    • EUR/KRW is currently trading around 1,331 mark.
       
    • Pair made intraday high at 1,331 and low at 1,328 levels.
       
    • Intraday bias remains bullish till the time pair holds immediate support at 1,311 mark.
       
    • A sustained close above 1,328 will take the parity higher towards key resistances around 1,338, 1,356, 1,377 and 1,392 marks respectively.
       
    • On the other side, a daily close below 1,328 will drag the parity down towards key supports around 1,322, 1,308, 1,299, 1,290, 1,273 and 1,264 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 1.97 pct.

    We prefer to take long position on EUR/KRW around 1,329, stop loss at 1,320 and target of 1,338/1,356.

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