FxWirePro: South Korean won falls gradually against euro, stay bullish

• EUR/KRW is currently trading around 1,286 mark.
   
• It made intraday high at 1,286 and low at 1,283 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 1,278 mark.
   
• A sustained close above 1,289 will take the parity higher towards key resistances around 1,294, 1,307, 1,315 and 1,327 marks respectively.
   
• On the other side, a daily close below 1,278 will drag the parity down towards key supports around 1,269, 1,257, 1,246 and 1,234 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 0.15 pct.
   
• Korea, South Mar 2019 import price growth yy increase to 4.3 % vs previous 3.5 % (revised from 3.6 %).
   
• Korea, South Mar 2019 export price growth yy increase to -0.5 % vs previous -2.5 % (revised from -2.4 %).

We prefer to take long position on EUR/KRW around 1,285, stop loss 1,278 and target of 1,294/1,307.