FxWirePro: EUR/KRW remains well supported above 1,200 mark, short term trend reversal likely

• EUR/KRW is currently trading around 1,205 mark.
   
• Pair made intraday high at 1,206 and low at 1,201 levels.
   
• Intraday bias remains neutral for the moment.
   
• A daily close below 1,200 will drag the parity down towards key supports around 1,184, 1,178 and 1,163 marks respectively.
   
• Alternatively, reversal from key support will take the parity higher towards key resistances around 1,210, 1,218, 1,225, 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
   
• Seoul shares open up 0.20 pct at 2088.09.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.