FxWirePro: EUR/KRW remains well supported above 1,308 mark, consistent close below requires for downside rally

• EUR/KRW is currently trading around 1,315 mark.
   
• Pair made intraday high at 1,316 and low at 1,314 levels.
   
• Intraday bias remains slightly bullish till the time pair holds immediate support at 1,308 mark.
   
• A sustained close above 1,320 will take the parity higher towards key resistances around 1,332, 1,338, 1,356, 1,377 and 1,392 marks respectively.
   
• On the other side, a daily close below 1,308 will drag the parity down towards key supports around 1,290, 1,273 and 1,264 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 0.11 pct.

We prefer to take long position on EUR/KRW only above 1,320, stop loss at 1,308 and target of 1,356.

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