FxWirePro: South Korean won falls gradually against euro, sustained close above 1,336 requires for upside rally

• EUR/KRW is currently trading around 1,337 mark.
   
• Pair made intraday high at 1,337 and low at 1,336 levels.
   
• Intraday bias remains slightly bullish till the time pair holds immediate support at 1,330 mark.
   
• A sustained close above 1,336 will take the parity higher towards key resistances around 1,342, 1,356, 1,377 and 1,392 marks respectively.
   
• On the other side, a daily close below 1,336 will drag the parity down towards key supports around 1,330, 1,322, 1,308, 1,299, 1,290, 1,273 and 1,264 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 up 0.74 pct.
   
• Korea, South March consumer sentiment index increase to 108.1 vs previous 108.

We prefer to take long position on EUR/KRW around 1,336, stop loss at 1,327 and target of 1,342/1,356.

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