• FxWirePro: EUR/KRW trades flat at 1,310 Mark, stay neutral

    Source: FxWire Pro - Technicals / 25 Sep 2018 22:04:21   America/New_York

    • EUR/KRW is currently trading around 1,312 mark.
       
    • Pair made intraday high at 1,313 and low at 1,311 levels.
       
    • Intraday bias remains neutral for the moment.
       
    • A sustained close above 1,315  will take the parity higher towards key resistances around 1,327, 1,338, 1,358 and 1,380 marks respectively.
       
    • On the other side, a daily close below 1,298 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.
       
    • South Korean banks will be closed in observance of Full Moon Festival.

    Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

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