South Korean won trades marginally lower as current account data misses expectations

• EUR/KRW is currently trading around 1,320 mark.

• It made intraday high at 1,321 and low at 1,318 levels.
  
• Intraday bias remains neutral till the time pair holds key support at 1,322 mark.
  
• A sustained close above 1,333 will take the parity higher towards key resistances around 1,347, 1,363 and 1,390 marks respectively.
  
• On the other side, a daily close below 1,318 will drag the parity down towards key supports around 1,307, 1,298, 1,274, 1,265, 1,244 and 1,222 marks respectively.
  
• Important to note here that 20D, 30D and 55D EMA up and confirms the bullish trend in a daily chart.
  
• South Korea’s current account stands at 1.01B vs 4.33B previous release.
  
• South Korea’s kospi was trading 0.60 pct higher at 2,071.92 points.

We, at FxWirepro, prefer to take short position on EUR/KRW only below 1,318, stop loss at 1,327 and target of 1,298/1,274.