- EUR/KRW is currently trading around 1,226 mark.
- Pair made intraday high at 1,228 and low at 1,224 levels.
- Intraday bias remains slightly bullish till the time pair holds immediate support at 1,221 mark.
- A consistent close below 1,221 will drag the parity down towards key supports around 1,210, 1,203, 1,199 and 1,163 marks respectively.
- Alternatively, a sustained close above 1,221 will take the parity higher towards key resistances around 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
- Seoul shares open up 0.48 pct 2075.80.
We prefer to take long position in EUR/KRW around 1,125, stop loss at 1,221 and target of 1,242.
