FxWirePro: South Korean won trades marginally lower after CPI, core CPI data 

• EUR/KRW is currently trading around 1,328 mark.
   
• It made intraday high at 1,328 and low at 1,324 levels.
   
• Intraday bias remains slightly bullish till the time pair holds key support at 1,321 mark.
   
• A sustained close above 1,330 will take the parity higher towards key resistances around 1,340, 1,358, 1,363, 1,377 and 1,392 marks respectively.
   
• On the other side, a daily close below 1,321 will drag the parity down towards key supports around 1,317, 1,302, 1,294, 1,287, 1,278 and 1,268 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 0.05 pct.
   
• Korea, South May 2019 CPI growth mm decreases to 0.2 % (forecast 0.3 %) vs previous 0.4 %.
   
• Korea, South Q1 2019 GDP growth q/q revised decreases to -0.4 % vs previous -0.3 %.
   
• Korea, South May 2019 CPI NSA increases to 105.05 vs previous 104.87.
   
• South Korea May core CPI +0.6 pct yr/yr vs +0.7 pct in April.

We prefer to take long position on EUR/KRW only above 1,330, stop loss 1,320 and target of 1,358.