FxWirePro: South Korean won trades almost flat against euro, stay bullish only above 1,342 mark

• EUR/KRW is currently trading around 1,339 mark.
   
• Pair made intraday high at 1,342 and low at 1,339 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance at 1,342 mark.
   
• A sustained close above 1,342 will take the parity higher towards key resistances around 1,357, 1,377 and 1,392 marks respectively.
   
• On the other side, a daily close below 1,342 will drag the parity down towards key supports around 1,328, 1,308, 1,302, 1,288, 1,272 and 1,264 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 2.53 pct.

We prefer to take long position on EUR/KRW only above 1,342, stop loss at 1,328 and target of 1,357.

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