• FxWirePro: EUR/KRW hits fresh 2 – month high at 1,314 Mark, South Korea’s quarterly GDP stands at 0.4 pct

    المصدر: FxWire Pro - Technicals / 02 ديسمبر 2019 20:39:31   America/New_York

    • EUR/KRW is currently trading around 1,313 mark.
       
    • It made intraday high at 1,314 and low at 1,312 levels.
       
    • Intraday bias remains bullish till the time pair holds key support at 1,302 mark.
       
    • A sustained close above 1,311 will take the parity higher towards key resistances around 1,319, 1,327, 1,347 and 1,363 marks respectively.
       
    • On the other side, a daily close below 1,311 will drag the parity down towards key supports around 1,302, 1,290, 1,274, 1,265, 1,244, 1,212 and 1,200 marks respectively.
       
    • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
       
    • South Korea’s Kospi was trading 0.74 point lower at 2,076.25.
       
    • South Korea’s GDP q/q stands at 0.4 vs 1.0 previous release (expected 0.4).

    We prefer to take long position on EUR/KRW around 1,311, stop loss at 1,302 and target of 1,319/1,327.

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