• FxWirePro: South Korean WON trades almost flat againt Euro, hits strongest level since may 2017

    Source: FxWire Pro - Technicals / 27 May 2018 21:31:02   America/New_York

    • EUR/KRW is currently trading around 1,255 mark.
       
    • Pair made intraday high at 1,255 and low at 1,253 levels.
       
    • Intraday bias remains neutral for the moment.
       
    • A sustained close above 1,254 will take the parity higher towards key resistances around 1,268, 1,280, 1,294, 1,302, 1,315 and 1,327 marks respectively.
       
    • On the other side, a daily close below 1,254 will drag the parity down towards key supports around 1,242, 1,222 and 1,205 marks respectively.
       
    • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
       
    • Seoul shares open up 0.17 pct.

    We prefer to take short position on EUR/KRW around 1,258, stop loss at 1,270 and target of 1,242/1,222.

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