FxWirePro: EUR/KRW trades flat at 1,305 mark, downside limited

• EUR/KRW is currently trading around 1,305 mark.
   
• It made intraday high at 1,308 and low at 1,305 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1,302 mark.
   
• A sustained close above 1,310 will take the parity higher towards key resistances around 1,323, 1,347 and 1,363 marks respectively.
   
• On the other side, a daily close below 1,302 will drag the parity down towards key supports around 1,290, 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 0.07 point higher at 2,171.21.

We prefer to take long position on EUR/KRW around 1,303, stop loss at 1,297 and target of 1,310/1,323.