USD/KRW has broken below its key uptrend from 2018 to reinforce the downside pressure. Economists at Credit Suisse expects the pair to fall towards the year lows around 1150. Key quotes “The downfall in USD/KRW has resumed as expected, finally breaking clearly below the March 2018 uptrend to mark another important breakdown. This should further reinforce the downside momentum and see a move back to important 61.8% retracement, July 2019 and current 2020 lows at 1151/49, where we expect to see a first attempt to hold.” “Resistance is seen initially at 1219, then more importantly at 1244.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: Bears to take the lead on a break below 1.2870 – OCBC FX Street 1 year USD/KRW has broken below its key uptrend from 2018 to reinforce the downside pressure. Economists at Credit Suisse expects the pair to fall towards the year lows around 1150. Key quotes “The downfall in USD/KRW has resumed as expected, finally breaking clearly below the March 2018 uptrend to mark another important breakdown. This should further reinforce the downside momentum and see a move back to important 61.8% retracement, July 2019 and current 2020 lows at 1151/49, where we expect to see a first attempt to hold.” “Resistance is seen initially at 1219, then more importantly at 1244.” Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
