FxWirePro: South Korean won trades marginally lower in early Asia, bias remains bullish

• EUR/KRW is currently trading around 1,276 mark.
   
• It made intraday high at 1,277 and low at 1,272 levels.
   
• Intraday bias remains slightly bullish till the time pair holds key support at 1,265 mark.
   
• 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 1,265 will drag the parity down towards key supports around  1,257, 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 down 0.21 pct.
   
• Korea, South Feb 2019 unemployment rate decrease to 3.7 % vs previous 4.4 %.

We prefer to take long position on EUR/KRW around 1,275, stop loss at 1,265 and target of 1,294 mark.