FxWirePro: EUR/KRW stabilizes around 1,250 mark as Bank of Korea keeps base rate flat at 1.25 %

• EUR/KRW is currently trading around 1,250 mark.
   
• Pair made intraday high at 1,250 and low at 1,245 levels.
   
• Intraday bias remains neutral till the time pair holds immediate resistance at 1,256 mark.
   
• A consistent close below 1,245 will drag the parity down towards key supports around 1,232, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
   
• Alternatively, a sustained close above 1,245 will take the parity higher towards key resistances around 1.256, 1,262, 1,272, 1,280, 1,287 and 1,304 marks respectively.
   
• Seoul shares open down 0.48 pct.

We prefer to take short position on EUR/KRW around 1,251, stop loss at 1,256 and target of 1,245/1,232.