• FxWirePro: EUR/KRW consolidates around 1,315 Mark, bias remains neutral

    Source: FxWire Pro - Technicals / 18 Jul 2018 23:05:37   America/New_York

    • EUR/KRW is currently trading around 1,315 mark.
       
    • Pair made intraday high at 1,316 and low at 1,315 levels.
       
    • Intraday bias remains neutral till the time pair moves in stiff boundaries from 1,309 to 1320 marks.
       
    • A sustained close above 1,319 will take the parity higher towards key resistances around 1,327, 1,338 and 1,358 marks respectively.
       
    • On the other side, a daily close below 1,309 will drag the parity down towards key supports around 1,305, 1,294, 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.
       
    • Seoul shares open up 0.38 pct.

    We prefer to take long position on EUR/KRW only above 1,320, stop loss at 1,305 and target of 1,338.

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