FxWirePro: South Korean won falls against euro in early hours of Asia, bias remains bullish

• EUR/KRW is currently trading around 1,267 mark.
   
• Pair made intraday high at 1,267 and low at 1,262 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 1,250 mark.
   
• A sustained close above 1,262 will take the parity higher towards key resistances around 1,268, 1,275, 1,280, 1,287 and 1,301 marks respectively.
   
• On the other side, a consistent close below 1,250 will drag the parity down towards key supports around 1,245, 1,235, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
   
• Seoul kospi shares open up 0.20 pct at 2053.18.

We prefer to go long on EUR/KRW only above 1,267 with stop loss at 1,250 and target of 1,275/1,287.