•EUR/KRW is currently trading around 1,326 mark.
•Pair made intraday high at 1,327 and low at 1,326 levels.
•Intraday bias remains neutral till the time pair holds key resistance at 1,332 mark.
•A sustained close above 1,330 will take the parity higher towards key resistances around 1,338, 1,356, 1,377 and 1,392 marks respectively.
•On the other side, a daily close below 1,326 will drag the parity down towards key supports around 1,315, 1,308, 1,298, 1,288, 1,272 and 1,264 marks respectively.
•Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
•Seoul shares open up 1.08 pct.
•Korea, South Feb FX reserves decrease to 394.8 bln us vs previous 395.75 bln us.
•Korea, South Feb CPI growth increase to 0.8 % (forecast 0.5 %) vs previous 0.4 %
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•Korea, South Jan current account balance decrease to 2.68 bln us vs previous 4.09 bln us (revised from 4.66 bln us).
•South Korea says Feb core CPI +1.2 pct vs year earlier.
We prefer to take short position on EUR/KRW around 1,326, stop loss at 1,333 and target of 1,315.
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