EURTHB Eyes PMI and PPI DataEuro/Thai BahtSAXO:EURTHBYES_GroupMarket Analysis: EURTHB is likely to weaken or move within a tight range after Eurozone inflation for May slowed down. The headline CPI came in at 3.0%, below the 3.2% forecast, while the Core CPI hit 2.2%, lower than the 2.4% expectation. This indicates easing price pressures, fueling expectations that the ECB may adopt a more dovish monetary policy stance ahead, which acts as a drag on the Euro. For today, the market is focusing on the Eurozone Services PMI (expected at 46.4) and the Composite PMI (expected at 47.5)—both remaining below the 50 threshold, signaling economic contraction. The Eurozone Producer Price Index (PPI) is also in focus; weaker data could add further pressure on the Euro due to increased room for ECB easing. Conversely, better-than-expected data could limit the Euro’s short-term downside. Technical Outlook: On the 4-hour timeframe (4H), the overall structure exhibits a Sideway Up pattern, maintaining an uptrend in the short term. The price is trading above the EMA lines and sustaining its “Higher Low” structure. The RSI remains above 50 and the MACD hovers in positive territory, confirming that bulls retain control for now, which opens the door for a retest of the resistance near 38.06. On the risk side, despite the short-term bullishness, the RSI is approaching the overbought zone while upward momentum shows signs of exhaustion. If the price breaks below the uptrend line and fails to hold above the EMAs, selling pressure could drag it down to test the support level at 37.97. Support Level : 37.97 Target : 38.06 Stop Loss : 37.95