FxWirePro: EUR/KRW consolidates around 1,302 mark, bias remains neutral

• EUR/KRW is currently trading around 1,302 mark.
   
• Pair made intraday high at 1,304 and low at 1,302 levels.
   
• Intraday bias remains neutral for the moment.
   
• A sustained close above 1,302 will take the parity higher towards key resistances around 1,316, 1,321, 1,338, 1,351 and 1,377 marks respectively.
   
• On the other side, a daily close below 1,302 will drag the parity down towards key supports around 1,290, 1,277, 1,265, 1,247, 1,234, 1,225, 1,218, 1,207, 1,200, 1,194 and 1,189 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 down 0.40 pct.
   
• South Korea June industrial output growth decrease to -0.2 % vs previous 0.2 %.
   
• South Korea June industrial output y/y decrease to -0.3 % vs previous 0.1 %.
   
• South Korea June service sector output growth increase to 0.5 % vs previous -0.3 %.
   
• South Korea August BOK manufacturing BSI stays flat at 81 vs previous 81.

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.

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