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- EUR/KRW is currently trading around 1,238 mark.
- Pair made intraday high at 1,238 and low at 1,233 levels.
- Intraday bias remains slightly bullish for the moment.
- A sustained close above 1,242 will take the parity higher towards key resistance around 1,255, 1,260, 1,269 and 1,272 marks respectively.
- On the other side, a consistent close below 1,230 will drag the parity down towards key supports around 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
- Seoul's Kospi shares open up 0.32 pct at 2044.87.
- South Korea’s November PPI growth y/y increases to 0.7 % vs previous -0.1 % (revised from -0.2 %).
- South Korea’s November PPI growth increases to 0.4 % vs previous 0.3 % (revised from 0.2 %).
We prefer to go short on EUR/KRW around 1,240 with stop loss at 1,246 and target of 1,230/1,222.
