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FxWirePro: South Korean won falls against major peers as South Korea’s consumer sentiment index fails to meet expectations

  • EUR/KRW is currently trading around 1,249 mark.
     
  • Pair made intraday high at 1,250 and low at 1,248 levels.
     
  • Intraday bias remains neutral till the time pair holds immediate support at 1,249 mark.
     
  • A consistent close below 1,249 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.
     
  • Alternatively, a sustained close above 1,256 will take the parity higher towards key resistances around 1,262, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
     
  • Seoul shares open up 0.20 pct at 2070.22.
     
  • South Korea’s January consumer sentiment index decreases to 93.3 vs previous 94.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

  • Market Data
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