FxWirePro: South Korean won remains almost unchanged after CPI, GDP data

• EUR/KRW is currently trading around 1,291 mark.
   
• Pair made intraday high at 1,293 and low at 1,291 levels.
   
• Intraday bias remains neutral till the time pair moves in stiff directions from 1,290 to 1,298 mark.
   
• A sustained close above 1,299  will take the parity higher towards key resistances around 1,308, 1,315, 1,327, 1,338, 1,358 and 1,380 marks respectively.
   
• On the other side, a daily close below 1,292 will drag the parity down towards key supports around  1,282, 1,277, 1,267, 1,258, 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 0.08 pct.
   
• Korea, South Aug 2018 CPI growth mm increase to 0.5 % (forecast 0.4 %) vs previous 0.2 %.
   
• Korea, South Aug 2018 CPI growth yy decrease to 1.4 % (forecast 1.3 %) vs previous 1.5 %.
   
• Korea, South Q2 2018 GDP growth qq revised decrease to 0.6 % vs previous 0.7 %.
   
• Korea, South Aug 2018 CPI NSA increase to 104.91 vs previous 104.37.

We prefer to take short position on EUR/KRW around 1,292, stop loss at 1,301 and target of 1,277.