FxWirePro: South Korean won remains almost unchanged after BOK’s interest rate decision

• EUR/KRW is currently trading around 1,318 mark. 

• It made intraday high at 1,319 and low at 1,318 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance at 1,322 mark.
   
• A sustained close above 1,322 will take the parity higher towards key resistances around 1,337, 1,358, 1,377, 1,392, 1,400, 1,408 and 1,428 marks respectively.
   
• On the other side, a daily close below 1,318 will drag the parity down towards key supports around 1,307, 1,298, 1,274 and 1,265 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA up and confirms the bullish trend in a daily chart.
   
• South Korea’s kospi was trading 1.01 pct higher at 1,825.31 points.
   
• BOK keeps interest rate unchanged at 0.75 pct.

We prefer to take short position on EUR/KRW around 1,319, stop loss at 1,328 and target of 1,307/1,298.