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- EUR/KRW is currently trading around 1,216 mark.
- Pair made intraday high at 1,216 and low at 1,212 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 1,212 mark.
- A daily close below 1,212 will drag the parity down towards key supports around 1,208, 1,199, 1,191, 1,184, 1,178 and 1,163 marks respectively.
- Alternatively, a sustained close above 1,212 will take the parity higher towards key resistances around 1,219, 1,228, 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
- Seoul shares open up 0.02 pct at 2150.47.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position in EUR/KRW only below 1,212, stop loss at 1,219 and target of 1,208/1,199/1,191.
