FxWirePro: EUR/KRW trades flat at 1,295 mark, stay short

• EUR/KRW is currently trading around 1,295 mark.
   
• It made intraday high at 1,295 and low at 1,294 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1,290 mark.
   
• A sustained close above 1,295 will take the parity higher towards key resistances around 1,308, 1,323, 1,347 and 1,363 marks respectively.
   
• On the other side, a daily close below 1,290 will drag the parity down towards key supports around 1,274, 1,265 and 1,244 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• South Korea’s Kospi was trading 0.08 points lower at 2,193.40.

We prefer to take short position on EUR/KRW around 1,296, stop loss at 1,302 and target of 1,274.