FxWirePro: South Korean won falls noticeably against euro, hits lowest level since Jan 10

• EUR/KRW is currently trading around 1,285 mark.
   
• It made intraday high at 1,286 and low at 1,285 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 1,270 mark.
   
• A sustained close above 1,285 will take the parity higher towards key resistances around 1,289, 1,294, 1,307, 1,315 and 1,327 marks respectively.
   
• On the other side, a daily close below 1,285 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 up 0.08 pct.
   
• Japan extends unilateral sanctions against North Korea by 2 years - Chief Cabinet Secretary Suga.
   
• South Korea Fin Min - Will swiftly push forward with extra budget on the way.
   
• South Korea Fin Min - Exports conditions to stay sluggish for now.

We prefer to take long position on EUR/KRW only above 1,288, stop loss 1,279 and target of 1,294/1,307.