FxWirePro: EUR/KRW hovers around key resistance at 1,303 mark, sustained close above requires for upside rally

• EUR/KRW is currently trading around 1,302 mark.
   
• Pair made intraday high at 1,303 and low at 1,301 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1,297 mark.
   
• A sustained close above 1,303 will take the parity higher towards key resistances around 1,315, 1,327, 1,338, 1,358 and 1,380 marks respectively.
   
• On the other side, a daily close below 1,297 will drag the parity down towards key supports around  1,289, 1,277, 1,267, 1,258, 1,246 and 1,234 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• Seoul shares open down 0.39 pct.

We prefer to take long position on EUR/KRW only above 1,305, stop loss at 1,292 and target of 1,315.