FxWirePro: EUR/KRW stabilizes above 1,330 mark, sustained close below requires for downside rally

• EUR/KRW is currently trading around 1,333 mark.
   
• Pair made intraday high at 1,334 and low at 1,330 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1,330 mark.
   
• A sustained close above 1,330 will take the parity higher towards key resistances around 1,339, 1,349, 1,363, 1,377 and 1,390 marks respectively.
   
• On the other side, a daily close below 1,330 will drag the parity down towards key supports around 1,323, 1,313, 1,302, 1,290, 1,277, 1,265 and 1,247 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 0.92 pct.

We prefer to take short position on EUR/KRW only below 1,330, stop loss at 1,339 and target of 1,323/1,313.

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