FxWirePro: South Korean won trades marginally lower against euro, faces strong resistance at 1,284 mark

• EUR/KRW is currently trading around 1,283 mark.
   
• Pair made intraday high at 1,283 and low at 1,279 levels.
   
• Intraday bias remains slightly bullish for the moment.
   
• A sustained close above 1,284 will take the parity higher towards key resistances around 1,296, 1,302, 1,313, 1,327, 1,338, 1,347 and 1,355 marks respectively.
   
• On the other side, a daily close below 1,273 will drag the parity down towards key supports around 1,264, 1,248 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 down 0.48 pct.

We prefer to take long position on EUR/KRW only above 1,284, stop loss at 1,273 and target of 1,296/1,302/1,313.

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