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- 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.
