EURTHB Eyes ECB Decision

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EURTHB Eyes ECB DecisionEuro/Thai BahtSAXO:EURTHBYES_GroupMarket Analysis: EURTHB is likely to trade within a range with a bias toward short-term appreciation. A decline in the DXY to 101.060 relieves pressure on the Euro, while markets anticipate the ECB to hold interest rates steady. Investors are closely monitoring the ECB President’s statements for future monetary policy signals—dovish remarks could pressure EURTHB lower, whereas a hawkish tone would provide short-term support to the Euro. Technical Outlook: The short-term chart maintains a Bullish structure, forming continuous Higher Highs (HH) and Higher Lows (HL) while holding above both EMA lines. Although price action is consolidating near key resistance at 38.57, the uptrend remains intact; a sustained move above the trendline and a breakout over 38.57 could trigger an extension toward 38.60 – 38.62. Conversely, loss of MACD momentum at major resistance increases profit-taking risks down toward the FVG zone at 38.51 and 38.49, with a positive SET Index open adding potential resistance to EURTHB. Support Level : 38.54 – 38.51 Target : 38.60 – 38.62 Stop Loss : 38.50