FxWirePro: EUR/KRW remains well supported above 1,265 mark, futher sideways movement likely

• EUR/KRW is currently trading around 1,273 mark.
   
• It made intraday high at 1,274 and low at 1,271 levels.
   
• Intraday bias remains slightly bullish till the time pair holds key support at 1,265 mark.
   
• A sustained close above 1,282 will take the parity higher towards key resistances around 1,288, 1,294, 1,307, 1,315 and 1,327 marks respectively.
   
• On the other side, a daily close below 1,265 will drag the parity down towards key supports around  1,257, 1,246 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 up 0.13 pct.

We prefer to go long on EUR/KRW around 1,273, stop loss 1,265 and target of 1,294.