EUR Awaits Q2 GDPEuro/Thai BahtSAXO:EURTHBYES_GroupMarket Analysis: EURTHB tends to move sideways-to-bullish in the short term, supported by a softer DXY following the Fed’s rate pause. Markets are awaiting Eurozone, German, and Italian Q2 GDP data, alongside Economic Sentiment and Unemployment Rate indicators. Stronger Eurozone data combined with weaker US metrics could boost the Euro and push EURTHB higher, whereas weaker European figures or stronger US data would pressure EURTHB downward. The EURTHB 1H chart is shifting toward a Sideways-to-Bullish bias after breaking above the downtrend line and confirming a Change of Character (CHOCH), signaling that buyers are regaining short-term control. In addition, the pair is holding above the key support zone at 38.27–38.28, increasing the likelihood of further upside if the next resistance level is breached. The RSI is currently at 61.68, indicating strong bullish momentum while remaining below overbought territory. Meanwhile, the MACD has crossed above the Signal line, with the Histogram expanding in positive territory, suggesting that buying pressure remains dominant and continues to support the recovery. If EURTHB can hold firmly above 38.34, the pair is likely to extend its rally toward 38.44 and 38.50, supporting the bullish scenario. Risk Although the overall outlook has turned more positive following the breakout, the pair is approaching a key short-term resistance level. Failure to break above 38.34 could trigger profit-taking, leading to a pullback toward the support levels at 38.27 and 38.22. A break below these levels would weaken the bullish momentum and shift the pair back into a range-bound trading structure. Bullish Targets TP1: 38.34 TP2: 38.44 TP3: 38.50 Support Levels 38.27 38.22 Cut Loss Below 38.27