FxWirePro: South Korean won marginally lower as BOK keeps base rate unchanged at 1.25 pct

• EUR/KRW is currently trading around 1,202 mark.
   
• Pair made intraday high at 1,203 and low at 1,198 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1,200 mark.
   
• A daily close below 1,199 will drag the parity down towards key supports around 1,184, 1,178 and 1,163 marks respectively.
   
• Alternatively, a sustained close above 1,199 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 0.02 pct at 2106.15.
   
• South Korea’s February BOK base rate stays flat at 1.25 % (forecast 1.25 %) vs previous 1.25 %.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.