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- EUR/KRW is currently trading around 1,197 mark.
- Pair made intraday high at 1,199 and low at 1,197 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1,205 mark.
- A daily close below 1,198 will drag the parity down towards key supports around 1,191, 1,184, 1,178 and 1,163 marks respectively.
- Alternatively, a sustained close above 1,198 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 up 0.08 pct at 2087.26.
- South Korea’s BOK manufacturing BSI index increases to 79 vs previous 78.
We prefer to take short position in EUR/KRW around 1,199, stop loss at 1,205 and target of 1,184.
