FxWirePro: South Korean won trades almost flat against euro, consistent close above 1,306 requires for upside rally

• EUR/KRW is currently trading around 1,301 mark.
   
• Pair made intraday high at 1,302 and low at 1,301 levels.
   
• Intraday bias remains neutral for the moment.
   
• A sustained close above 1,306  will take the parity higher towards key resistances around 1,315, 1,327, 1,338, 1,358 and 1,380 marks respectively.
   
• On the other side, a daily close below 1,298 will drag the parity down towards key supports around  1,291, 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 up and confirms the bullish trend in a daily chart.
   
• Seoul shares open down 0.19 pct.

We prefer to take long position on EUR/KRW only above 1,306, stop loss at 1,298 and target of 1,315.