- EUR/KRW is currently trading around 1,223 mark.
- Pair made intraday high at 1,224 and low at 1,222 levels.
- Intraday bias remains slightly bearish till the time pair holds immediate resistance at 1,227 mark.
- A consistent close below 1,223 will drag the parity down towards key supports around 1,210, 1,203, 1,199 and 1,163 marks respectively.
- Alternatively, a sustained close above 1,223 will take the parity higher towards key resistances around 1,227, 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
- Seoul shares open up 0.10 pct at 2067.15.
We prefer to take short position in EUR/KRW around 1,125, stop loss at 1,233 and target of 1,210.
