FxWirePro: South Korean won trades marginally lower as consumer sentiment data misses expectations

• EUR/KRW is currently trading around 1,296 mark.
   
• Pair made intraday high at 1,296 and low at 1,293 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance at 1,302 mark.
   
• A sustained close above 1,295  will take the parity higher towards key resistances around 1,302, 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 0.56 pct.
   
• Korea, South Aug 2018 consumer sentiment index decrease to 99.2 balance vs previous 101 balance.

We prefer to take long position on EUR/KRW only above 1,298, stop loss at 1,290 and target of 1,315.