FxWirePro: EUR/KRW moves in stiff boundaries, faces strong resistance at 1,322 mark

• EUR/KRW is currently trading around 1,318 mark.
   
• Pair made intraday high at 1,320 and low at 1,313 levels.
   
• Intraday bias remains slightly bullish till the time pair holds immediate support at 1,308 mark.
   
• A sustained close above 1,322 will take the parity higher towards key resistances around 1,332, 1,338, 1,356, 1,377 and 1,392 marks respectively.
   
• On the other side, a daily close below 1,308 will drag the parity down towards key supports around 1,290, 1,273 and 1,264 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 up 0.01 pct.

We prefer to take short position on EUR/KRW only below 1,311, stop loss at 1,323 and target of 1,290.

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