FxWirePro: EUR/KRW breaks key resistance at 1,262 mark, sustained close above targets 1,272

• EUR/KRW is currently trading around 1,262 mark.
   
• Pair made intraday high at 1,263 and low at 1,260 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 1,252 mark.
   
• A sustained close above 1,262 will take the parity higher towards key resistances around 1,269, 1,272, 1,280 and 1,287 marks respectively.
   
• On the other side, a consistent close below 1,262 will drag the parity down towards key supports around 1,252, 1,242, 1,232, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
   
• Seoul shares open down 0.99 pct.

We prefer to go long on EUR/KRW around 1,261 with stop loss at 1,252 and target of 1,272/1,280.