• South Korea’s Parliament voted on Friday to impeach President Park Geun-hye following weeks of damaging disclosures in a corruption scandal.
   
• Her powers will now be suspended as the Constitutional Court considers whether to remove her from office.
   
• If the court votes to remove Ms. Park, South Korea will hold an election for a new president in 60 days.
   
• South Korean won shows muted reaction after the vote, EUR/KRW was up 0.31 percent on the day, currently trading at 1236.3 levels.
   
• The pair is attempting modest recovery from fresh weekly lows at 1232.
   
• Bias remains lower, the pair is trading below major moving averages.
   
• We see scope for test of 1229. Further weakness could see drag upto 1225 levels.
   
• Major resistance is seen at 1243.94 (5-DMA), while support is seen at 1229 (Tripple bottom Oct 19,20,26)