FxWirePro: EUR/KRW fails to fall below 1,275 mark, intraday bias remains slightly bullish

• EUR/KRW is currently trading around 1,279 mark.
   
• It made intraday high at 1,279 and low at 1,277 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 1,275 mark.
   
• A sustained close above 1,276 will take the parity higher towards key resistances around 1,289, 1,294, 1,307, 1,315 and 1,327 marks respectively.
   
• On the other side, a daily close below 1,276 will drag the parity down towards key supports around 1,269, 1,257, 1,246 and 1,234 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• Seoul shares open up 0.11 pct.

We prefer to take long position on EUR/KRW around 1,278, stop loss 1,273 and target of 1,289.