FxWirePro: EUR/KRW hovers around key support at 1,273 mark, sustained close below targets 1,248 mark

• EUR/KRW is currently trading around 1,275 mark.
   
• Pair made intraday high at 1,277 and low at 1,275 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1,273 mark.
   
• A sustained close above 1,284 will take the parity higher towards key resistances around 1,296, 1,302, 1,313, 1,327, 1,338, 1,347 and 1,355 marks respectively.
   
• On the other side, a daily close below 1,273 will drag the parity down towards key supports around 1,264, 1,248 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.
   
• Seoul shares open down 0.10 pct.

We prefer to take short position on EUR/KRW only below 1,273, stop loss at 1,284 and target of 1,248.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest