EUR Eyes Investor Sentiment Boost

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EUR Eyes Investor Sentiment BoostEuro/Thai BahtSAXO:EURTHBYES_GroupMarket Analysis: Focus today shifts to the Eurozone Sentix Investor Confidence data at 15:30, which the market expects to improve from -16.4 to -13.8. This reflects a recovery in investor sentiment after the ECB signaled caution regarding aggressive rate cuts. A better-than-expected reading could boost the EUR. However, the broader strength of the USD following the US jobs report will likely cap the Euro’s recovery, keeping EURTHB within a sideway consolidation range. Technical Outlook: On the 4-hour timeframe (4H), the overall trend remains sideway down after failing to clear the key resistance zone between 37.97 – 37.99. On the 1-hour timeframe (1H), sharp selling pressure dragged the price down to test 37.76 before drawing buyers back in, sparking a short-term rebound. The MACD has crossed upward and the histogram is shrinking flat, indicating slowing bearish momentum, while the RSI is recovering from oversold conditions. This points to a potential technical rebound with an immediate resistance at 37.94; clearing this level could open doors for a retest of 37.97 – 37.99. Support Level : 37.81 Target : 37.94 – 37.99 Stop Loss : 37.80