FxWirePro: South Korean won falls against major peers after lower than expected consumer sentiment index

• EUR/KRW is currently trading around 1,255 mark.
   
• Pair made intraday high at 1,257 and low at 1,253 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 1,252 mark.
   
• A sustained close above 1,257 will take the parity higher towards key resistances around 1,262, 1,269 and 1,272 marks respectively.
   
• On the other side, a consistent close below 1,252 will drag the parity down towards key supports around 1,242, 1,232, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
   
• Seoul kospi shares open up 0.15 pct at 2040.74.
   
• South Korea’s December consumer sentiment index decreases to 94.2 vs previous 96.

We prefer to go long on EUR/KRW around 1,255 with stop loss at 1,250 and target of 1,262/1,269.