FxWirePro: EUR/KRW fails to find support below 1,270 mark, stay neutral

• EUR/KRW is currently trading around 1,274 mark.
   
• It made intraday high at 1,276 and low at 1,274 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1,272 mark.
   
• A sustained close above 1,272 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 1,272 will drag the parity down towards key supports around 1,268, 1,257, 1,246 and 1,234 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   
• Seoul shares open up 0.31 pct.

We prefer to take short position on EUR/KRW around 1,274 mark, stop loss 1,289 and target of 1,257.