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- EUR/KRW is currently trading around 1,248 mark.
- Pair made intraday high at 1,251 and low at 1,247 levels.
- Intraday bias remains bearish till the time pair holds immediate resistance at 1,255 mark.
- A consistent close below 1,249 will drag the parity down towards key supports around 1,242, 1,232, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
- Alternatively, a sustained close above 1,249 will take the parity higher towards key resistances around 1,255, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
- Seoul shares open down 0.28 pct at 2077.66.
We prefer to take short position in EUR/KRW around 1,250, stop loss at 1,255 and target of 1,230.
