• EUR/KRW is currently trading around 1,209 mark.
   
• Pair made intraday high at 1,210 and low at 1,201 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 1,200 mark.
   
• A daily close below 1,201will drag the parity down towards key supports around 1.194, 1,188, 1,178, 1,163 and 1,154 marks respectively.
   
• Alternatively, a sustained close above 1,201 will take the parity higher towards key resistances around 1,214, 1,228, 1,233, 1,242 and 1,252marks respectively.
   
• Seoul shares open up 0.10 pct at 2154.87.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
  
  We prefer to take long position in EUR/KRW around 1,205, stop loss at 1,198 and target of 1,214/1,228.