• EUR/KRW is currently trading around 1,198 mark.
   
• Pair made intraday high at 1,199 and low at 1,197 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1,198 mark.
   
• A daily close below 1,198 will drag the parity down towards key supports around 1,188, 1,178, 1,163 and 1,154 marks respectively.
   
• Alternatively, a sustained close above 1,198 will take the parity higher towards key resistances around 1,205, 1,214, 1,228, 1,233, 1,242 and 1,252marks respectively.
   
• Seoul shares open up 0.04 pct at 2161.90.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   
• South Korea’s March FX reserves increases to 375.30 bln $ vs previous 373.91 bln $.
   
• South Korea’s February current account balance decreases to 10.01 bln $ vs previous 10.51 bln $.
   
• South Korea’s February current account balance decreases to 10.01 bln $ vs previous 10.05 bln $ (revised from 10.51 bln $).
  
  We prefer to take long position in EUR/KRW around 1,195, stop loss at 1,189 and target of 1,205/1,214.