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- EUR/KRW is currently trading around 1,230 mark.
- Pair made intraday high at 1,232 and low at 1,229 levels.
- Intraday bias remains bearish till the time pair holds immediate resistance at 1,242 mark.
- A sustained close above 1,242 will take the parity higher towards key resistance around 1,255, 1,260, 1,269 and 1,272 marks respectively.
- On the other side, a consistent close below 1,230 will drag the parity down towards key supports around 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
- Seoul shares open up 0.03 pct at 2037.35.
We prefer to go short on EUR/KRW around 1,235 with stop loss at 1,242 and target of 1,222/1,209.
