FxWirePro: EUR/KRW remains well supported below 1,220 mark, good to sell on rallies

• EUR/KRW is currently trading around 1,212 mark.
   
• Pair made intraday high at 1,217 and low at 1,212 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 1,221 mark.
   
• A daily close below 1,213 will drag the parity down towards key supports around 1,200, 1,184, 1,178 and 1,163 marks respectively.
   
• Alternatively, a sustained close above 1,213 will take the parity higher towards key resistances around 1,221, 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
   
• Seoul shares open up 0.08 pct at 2085.97.

We prefer to take short position in EUR/KRW around 1,215, stop loss at 1,221 and target of 1,200.