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- Pair is currently trading at 1188 levels.
- It made intraday high at 1191 and low at 1187 levels.
- Intraday bias remains bearish for the moment.
- On the top side, key resistance falls at 1201/1210 levels.
- Alternatively, recent down fall from 1244 likely to take the parity below 1180 marks.
- Key support levels are seen at 1180, 1174 and 1166 levels thereafter.
We prefer to take short position in USD/KRW around 1190, stop loss 1201 and target 1174/1166 marks.
