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FxWirePro: EUR/AUD bears maintain upper hand 
- USD/KRW is currently trading around 1,096 levels.
- It made intraday high at 1,099 and low at 1,095 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1,107 levels.
- A sustained close below 1,091 will test key supports at 1,078/1,063/1044 levels respectively.
- Alternatively, reversal from immediate support will drag the parity higher towards key resistances at 1,107, 1,117, 1,124, 1,138, 1,142, 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.
- South Korea August Bank of Korea base rate stays flat at 1.25 % (forecast 1.25 %) vs previous 1.25 %.
We prefer to take short position in USD/KRW only below 1,091 with stop loss at 1,107 and target of 1,078/1,063.
