FxWirePro: EUR/KRW remains well supported above 1,300 mark, consistent close above 1,318 requires for upside rally

• EUR/KRW is currently trading around 1,316 mark.
   
• Pair made intraday high at 1,318 and low at 1,316 levels.
   
• Intraday bias remains neutral for the moment.
   
• A sustained close above 1,318 will take the parity higher towards key resistances around 1,327, 1,338 and 1,358 marks respectively.
   
• On the other side, a daily close below 1,318 will drag the parity down towards key supports around 1,309, 1,294, 1,286, 1,277, 1,267, 1,258, 1,246, 1,234 and 1,222 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 0.06 pct.

We prefer to take long position on EUR/KRW only above 1,318, stop loss at 1,305 and target of 1,338.