• FxWirePro: EUR/KRW remains well supported above 1,310 Mark, bias remains slightly bullish

    Source: FxWire Pro - Technicals / 21 Mar 2018 22:11:33   Eastern Standard Time

    • EUR/KRW is currently trading around 1,317 mark.
    • Pair made intraday high at 1,317 and low at 1,311 levels.
    • Intraday bias remains bullish till the time pair holds immediate support at 1,310 mark.
    • A sustained close above 1,310 will take the parity higher towards key resistances around 1,324, 1,338, 1,356, 1,377 and 1,392 marks respectively.
    • On the other side, a daily close below 1,310 will drag the parity down towards key supports around 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 up 0.40 pct.

    We prefer to take long position on EUR/KRW around 1,315, stop loss at 1,308 and target of 1,324/1,338.

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