FxWirePro: South Korean won marginally higher in early hours of Asia on the back of higher than expected current account data

• EUR/KRW is currently trading around 1,253 mark.
   
• Pair made intraday high at 1,255 and low at 1,252 levels.
   
• Intraday bias remains bearish for the moment.
   
• A sustained close above 1,253 will take the parity higher towards key resistances around 1,262, 1,268, 1,275, 1,280, 1,287 and 1,301 marks respectively.
   
• On the other side, a consistent close below 1,262 will drag the parity down towards key supports around 1,252, 1,242, 1,235, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
   
• Seoul shares open up 0.11 pct at 2046.29.
   
• South Korea’s November current account balance increases to 7.14 bln $ vs previous 6.01 bln $.
   
• South Korea’s December FX reserves decreases to 371.10 bln $ vs previous 371.99 bln $.

We prefer to go short on EUR/KRW only below 1,252 with stop loss at 1,267 and target of 1,242/1,235.