FxWirePro: EUR/KRW jumps above 1,240 mark in early hours of Asia, bias remains bullish

• EUR/KRW is currently trading around 1,240 mark.
   
• Pair made intraday high at 1,241 and low at 1,236 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 1,233 mark.
   
• A sustained close above 1,236 will take the parity higher towards key resistances around 1,245, 1,255, 1,260, 1,269 and 1,272 marks respectively.
   
• On the other side, a consistent close below 1,236 will drag the parity down towards key supports around 1,230, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
   
• Seoul shares open up 0.37 pct at 2049.47.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.

We prefer to go long on EUR/KRW only above 1,241 with stop loss at 1,233 and target of 1,255/1,260/1,272.