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- EUR/KRW is currently trading around 1,271 mark.
- Pair made intraday high at 1,272 and low at 1,268 levels.
- Intraday bias remains bullish till the time pair holds key support at 1,262 mark.
- A consistent close below 1,262 will drag the parity down towards key supports around 1,250, 1,245, 1,235, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
- Alternatively, a sustained close above 1,270 will take the parity higher towards key resistances around 1,280, 1,287 and 1,304 marks respectively.
- Seoul shares open down 0.27 pct at 2043.30.
We prefer to go long on EUR/KRW around 1,270 with stop loss at 1,262 and target of 1,287/1,304.
