FxWirePro: EUR/KRW remains well supported above 1,300 mark, further sideways movement likely

• EUR/KRW is currently trading around 1,305 mark.
   
• Pair made intraday high at 1,305 and low at 1,302 levels.
   
• Intraday bias remains neutral till the time pair moves in stiff boundaries from 1,298 to 1,315 marks.
   
• A sustained close above 1,315  will take the parity higher towards key resistances around 1,327, 1,338, 1,358 and 1,380 marks respectively.
   
• On the other side, a daily close below 1,298 will drag the parity down towards key supports around  1,290, 1,282, 1,277, 1,267, 1,258, 1,246 and 1,234 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• Seoul shares open down 0.16 pct.
   
• Korea, South Aug 2018 export growth revised stays flat at 8.7 % vs previous 8.7 %.
   
• Korea, South Aug 2018 import growth revised increase to 9.4 % vs previous 9.2 %.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.