2017.02.1620:46:00UTC+00Fxwirepro: Eur/krw Rejects Key Support at 1,200 Mark, Upside Limited

• EUR/KRW is currently trading around 1,220 mark.
   
• Pair made intraday high at 1,222 and low at 1,216 levels.
   
• Intraday bias remains slightly bullish for the moment.
   
• A daily close below 1,216 will drag the parity down towards key supports around 1,207, 1,200, 1,184, 1,178 and 1,163 marks respectively.
   
• Alternatively, a sustained close above 1,216 will take the parity higher towards key resistances around 1,228, 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
   
• Seoul shares open down 0.45 pct at 2072.57.

We prefer to take short position in EUR/KRW around 1,222, stop loss at 1,228 and target of 1,200/1,184.