FxWirePro: EUR/KRW rejects key support at 1,213 mark, short term trend reversal likely

• EUR/KRW is currently trading around 1,223 mark.
   
• Pair made intraday high at 1,224 and low at 1,217 levels.
   
• Intraday bias remains slightly bullish till the time pair holds immediate support at 1,217 mark.
   
• A consistent close below 1,217 will drag the parity down towards key supports around 1,210, 1,203, 1,199 and 1,163 marks respectively.
   
• Alternatively, a sustained close above 1,217 will take the parity higher towards key resistances around 1,227, 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
   
• Seoul shares open up 0.01 pct at 2077.80.

We prefer to take short position in EUR/KRW around 1,225, stop loss at 1,233 and target of 1,213/1,203.