- EUR/KRW is currently trading around 1,326 mark.
- Pair made intraday high at 1,327 and low at 1,326 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 1,332 mark.
- A sustained close above 1,330 will take the parity higher towards key resistances around 1,338, 1,356, 1,377 and 1,392 marks respectively.
- On the other side, a daily close below 1,326 will drag the parity down towards key supports around 1,315, 1,308, 1,298, 1,288, 1,272 and 1,264 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 1.08 pct.
- Korea, South Feb FX reserves decrease to 394.8 bln us vs previous 395.75 bln us.
- Korea, South Feb CPI growth increase to 0.8 % (forecast 0.5 %) vs previous 0.4 %
. - Korea, South Jan current account balance decrease to 2.68 bln us vs previous 4.09 bln us (revised from 4.66 bln us).
- South Korea says Feb core CPI +1.2 pct vs year earlier.
We prefer to take short position on EUR/KRW around 1,326, stop loss at 1,333 and target of 1,315.
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