FxWirePro: EUR/KRW hovers around key support at 1,250 mark, sustained close below targets 1,232

• EUR/KRW is currently trading around 1,251 mark.
   
• Pair made intraday high at 1,256 and low at 1,249 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1,250 mark.
   
• A consistent close below 1,250 will drag the parity down towards key supports around 1,245, 1,232, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
   
• Alternatively, a sustained close above 1,250 will take the parity higher towards key resistances around 1,262, 1,272, 1,280, 1,287 and 1,304 marks respectively.
   
• Seoul shares open up 0.12 pct at 2077.69.
   
• South Korea’s finance minister says economy likely grew 2.7 pct in 2016, above latest government estimate.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.