FxWirePro: South Korean won trades almost flat against euro, stay neutral

• EUR/KRW is currently trading around 1,281 mark.
   
• It made intraday high at 1,283 and low at 1,281 levels.
   
• Intraday bias remains neutral for the moment.
   
• 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 1,278 will drag the parity down towards key supports around 1,269, 1,257, 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.
   
• South Korea’s Kospi was trading 0.05 pct lower at 2,247.55 points.

We prefer to take long position on EUR/KRW only above 1,290, stop loss 1,278 and target of 1,307.