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FxWirePro: AUD/ USD strongly bearish despite upside attempts 
- EUR/KRW is currently trading around 1,295 mark.
- It made intraday high at 1,296 and low at 1,295 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1,302 mark.
- A sustained close above 1,302 will take the parity higher towards key resistances around 1,319, 1,327, 1,347, 1,363, 1,373, 1,410 and 1,434 marks respectively.
- On the other side, a daily close below 1,294 will drag the parity down towards key supports around 1,287, 1,278, 1,268 and 1,244 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- South Korea’s Kospi was trading 0.20 point higher at 2,097.68.
- South Korea manufacturing BSI index stands at 74 vs 73 previous release.
We prefer to take short position on EUR/KRW only below 1,294, stop loss at 1,302 and target of 1,278/1,268.
