FxWirePro: South Korean won marginally higher against euro on robust consumer sentiment index

• EUR/KRW is currently trading around 1,196 mark.
   
• Pair made intraday high at 1,198 and low at 1,196 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1,195 mark.
   
• A daily close below 1,196 will drag the parity down towards key supports around 1,184, 1,178 and 1,163 marks respectively.
   
• Alternatively, a sustained close above 1,196 will take the parity higher towards key resistances around 1,205, 1,221, 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
   
• Seoul shares open down 0.06 pct at 2106.43.
   
• South Korea’s February consumer sentiment index increases to 94.4 vs previous 93.3.

We prefer to take short position in EUR/KRW only below 1,195, stop loss at 1,205 and target of 1,184.