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- EUR/KRW is currently trading around 1,246 mark.
- Pair made intraday high at 1,248 and low at 1,243 levels.
- Intraday bias remains slightly bullish till the time pair holds immediate support at 1,242 mark.
- A sustained close above 1,242 will take the parity higher towards key resistance around 1,252, 1,260, 1,269 and 1,272 marks respectively.
- Key supports are seen at 1,242, 1,238, 1,227, 1,222 and 1,210 marks respectively.
- Seoul shares open up 0.82 pct at 2008.31.
- ECB will release interest rate decision at 1245 GMT.
We prefer to go short on EUR/KRW around 1,252, with stop loss at 1,268 and target of 1,242/1,231/1,222.
