• FxWirePro: EUR/KRW hovers around 1,340 Mark, bias remains neutral

    Источник: FxWire Pro - Technicals / 25 мар 2020 22:40:33   America/New_York

    • EUR/KRW is currently trading around 1,339 mark. 
    • It made intraday high at 1,341 and low at 1,336 levels.
       
    • Intraday bias remains neutral till the time pair holds key support at 1,318 mark.
       
    • A sustained close above 1,340 will take the parity lower towards key resistances around 1,377, 1,392, 1,400, 1,408 and 1,428 marks respectively.
       
    • On the other side, a daily close below 1,328 will drag the parity down towards key supports around 1,318, 1,307, 1,298, 1,274 and 1,265 marks respectively.
       
    • Important to note here that 20D, 30D and 55D EMA up and confirms the bullish trend in a daily chart.
       
    • South Korea’s kospi was trading 0.47 pct lower at 1,696.35 points.

      We prefer to take long position on EUR/KRW only above 1,342, stop loss at 1,330 and target of 1,377.
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