FxWirePro: EUR/KRW trades in narrow range, faces immediate resistance at 1,342 mark

• EUR/KRW is currently trading around 1,335 mark.
   
• Pair made intraday high at 1,336 and low at 1,334 levels.
   
• Intraday bias remains neutral till the time pair holds immediate resistance at 1,342 mark.
   
• A sustained close above 1,336 will take the parity higher towards key resistances around 1,342, 1,356, 1,377 and 1,392 marks respectively.
   
• On the other side, a daily close below 1,336 will drag the parity down towards key supports around 1,330, 1,322, 1,308, 1,299, 1,290, 1,273 and 1,264 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 down 0.09 pct.

We prefer to take long position on EUR/KRW around 1,332, stop loss at 1,325 and target of 1,356.

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