FxWirePro: South Korean won remains almost unchanged after BOK’s interest rate decision

• EUR/KRW is currently trading around 1,283 mark.
   
• It made intraday high at 1,283 and low at 1,279 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1,274 mark.
   
• A sustained close above 1,289 will take the parity higher towards key resistances around 1,294, 1,307, 1,315 and 1,327 marks respectively.
   
• On the other side, a daily close below 1,275 will drag the parity down towards key supports around 1,268, 1,257, 1,246 and 1,234 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   
• Seoul shares open up 0.01 pct.
   
• Korea, South Jan 2019 BOK base rate stays flat at 1.75 % (forecast 1.75 %) vs previous 1.75 %.

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.