FxWirePro: EUR/KRW remains well supported below key resistance at 1,212 mark, intraday bias remains neutral

• EUR/KRW is currently trading around 1,208 mark.
   
• Pair made intraday high at 1,209 and low at 1,207 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1,208 mark.
   
• A daily close below 1,208 will drag the parity down towards key supports around 1.200, 1,189, 1,178, 1,163 and 1,154 marks respectively.
   
• Alternatively, a sustained close above 1,208 will take the parity higher towards key resistances around 1,212, 1,219, 1,228, 1,233, 1,242 and 1,252marks respectively.


• Seoul shares open down 0.19 pct at 2129.23.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

We prefer to take short position in EUR/KRW only below 1,208, stop loss at 1,213 and target of 1,200/1,194.