- EUR/KRW is currently trading around 1,255 mark.
- Pair made intraday high at 1,256 and low at 1,249 levels.
- Intraday bias remains bullish till the time pair holds key support at 1,245 mark.
- A sustained close above 1,252 will take the parity higher towards key resistances around 1,262, 1,268, 1,275, 1,280, 1,287 and 1,301 marks respectively.
- On the other side, a consistent close below 1,252 will drag the parity down towards key supports around 1,245, 1,235, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
- Seoul Kospi shares open up 0.30 pct at 2048.11.
We prefer to go long on EUR/KRW around 1,252 with stop loss at 1,245 and target of 1,262/1,268/1,275.
