FxWirePro: EUR/KRW hits fresh 4-week low at 1,239, upside limited

• EUR/KRW is currently trading around 1,246 mark.
   
• Pair made intraday high at 1,246 and low at 1,239 levels.
   
• Intraday bias remains neutral till the time pair holds immediate resistance at 1,257 mark.
   
• A consistent close below 1,241 will drag the parity down towards key supports around 1,232, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
   
• Alternatively, a sustained close above 1,241 will take the parity higher towards key resistances around 1,257, 1,262, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
   
• Seoul shares open up 0.09 pct at 2073.77.

We prefer to take short position on EUR/KRW around 1,248, stop loss at 1,257 and target of 1,239/1,232.