FxWirePro: EUR/KRW hits fresh 3-week high at 1,291 mark, sustained close above targets 1,327 mark

• EUR/KRW is currently trading around 1,289 mark.
   
• Pair made intraday high at 1,291 and low at 1,288 levels.
   
• Intraday bias remains bullish till the time pair holds immediate support at 1,279 mark
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• A sustained close above 1,288 will take the parity higher towards key resistances around 1,292, 1,307, 1,315, 1,327, 1,338, 1,358 and 1,380 marks respectively.
   
• On the other side, a daily close below 1,288 will drag the parity down towards key supports around 1,279, 1,272, 1,267, 1,258, 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. Current upside movement is short term trend correction only.
   
• Seoul shares open down 1.23 pct.

We prefer to take long position on EUR/KRW around 1,290, stop loss at 1,279 and target of 1,307/1,315.