EURTHB Eyes Eurozone CPI

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EURTHB Eyes Eurozone CPIEuro/Thai BahtSAXO:EURTHBYES_GroupFundamental Analysis EURTHB is expected to maintain a short-term bullish bias, supported by the weaker U.S. Dollar Index (DXY) overnight. Today, investors will closely monitor the Eurozone Consumer Price Index (CPI), a key indicator for assessing the European Central Bank's (ECB) monetary policy outlook, as well as Germany's Unemployment Rate, which provides insight into the region's economic conditions. If Eurozone inflation comes in higher than expected, it could support the euro by reinforcing expectations that the ECB will maintain a relatively hawkish monetary policy stance. However, if inflation eases and Germany's labor market data disappoints, the euro may come under pressure, increasing the likelihood of EURTHB weakening in the short term. Technical Analysis The overall EURTHB trend remains Sideways to Bullish, with price continuing to hold above the short-term Higher Low structure and the EMA, indicating that the underlying uptrend remains intact. Although bullish momentum has slowed near resistance, the pair is still holding above key support levels. If EURTHB can sustain trading above 38.54, it may extend its gains toward the 38.57–38.59 resistance zone, which represents the Bullish Scenario target. Risk Scenario Despite the constructive outlook, failure to break above 38.54 could trigger profit-taking, leading to a pullback toward the 38.47 support level. A decisive break below this level would increase downside risk and could drive the pair lower toward 38.45, the Bearish Scenario target. Target Price: 38.57–38.59 Support: 38.47–38.45 Cut Loss: 38.44