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- EUR/KRW is currently trading around 1,224 mark.
- Pair made intraday high at 1,227 and low at 1,224 levels.
- Intraday bias remains bearish till the time pair holds immediate resistance at 1,235 mark.
- A consistent close below 1,225 will drag the parity down towards key supports around 1,218, 1,210, 1,203, 1,199 and 1,163 marks respectively.
- Alternatively, a sustained close above 1,225 will take the parity higher towards key resistances around 1,235, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
- Seoul shares open up 0.61 pct at 2085.73.
We prefer to take short position in EUR/KRW only below 1,224, stop loss at 1,235 and target of 1,210.
