FxWirePro: EUR/KRW fails to drop below 1,228 mark, upside limited

• EUR/KRW is currently trading around 1,232 mark.
   
• Pair made intraday high at 1,233 and low at 1,228 levels.
   
• Intraday bias remains neutral till the time pair holds immediate support at 1,228 mark.
   
• A consistent close below 1,232 will drag the parity down towards key supports around 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
   
• Alternatively, a sustained close above 1,232 will take the parity higher towards key resistances around 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
   
• Seoul shares open up 0.24 pct at 2075.90.
   
• South Korea December current account balanc increases to 8.57 bln $ vs previous 7.05 bln $ (revised from 7.14 bln $).

We prefer to take short position in EUR/KRW around 1,235, stop loss at 1,242 and target of 1,222.