FxWirePro: South Korean won trades flat against euro despite higher than expected export, import price growth data

• EUR/KRW is currently trading around 1,329 mark.
   
• Pair made intraday high at 1,329 and low at 1,328 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1,327 mark.
   
• A sustained close above 1,327 will take the parity higher towards key resistances around 1,340, 1,347, 1,355, 1,363, 1,377 and 1,390 marks respectively.
   
• On the other side, a daily close below 1,327 will drag the parity down towards key supports around 1,320, 1,313 and 1,302 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• South Korea Sep import price growth y/y increase to 10.7 % vs previous 9.1 % (revised from 9.0 %).
   
• South Korea Sep export price growth y/y increase to 10.9 % vs previous 10.8 % (revised from 10.7 %).
   
• South Korea Sep unemployment rate decrease to 3.7 % vs previous 3.8 %.
   
• Seoul shares open down 0.11 pct.

We prefer to take short position on EUR/KRW only below 1,327, stop loss at 1,340 and target of 1,320/1,313.

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