EURTHB Eyes Eurozone PMIEuro/Thai BahtSAXO:EURTHBYES_GroupYesterday Recap Yesterday, EURTHB closed at 38.04 in the Thai market. Meanwhile, the 5-year German Bond Yield remained stable, while the market closely monitored comments from Nagel and Lagarde. This reflected that the ECB’s monetary policy outlook and the economic outlook for Europe remained important factors for the EUR. Fundamental 23/9/26 Key Events Today | Forecast | Previous DE: 14:30 — Manufacturing PMI | 54.1 | 54.3 EU: 15:00 — Manufacturing PMI | 52.6 | 52.7 EU: 15:00 — Services PMI | 51.4 | 51.6 Today, the EUR market will focus on Germany’s Manufacturing PMI, forecast at 54.1, down from 54.3, and the Eurozone Manufacturing PMI, forecast at 52.6, down from 52.7, indicating that the market expects manufacturing activity to slow slightly. Meanwhile, the Eurozone Services PMI is forecast at 51.4, down from 51.6. A weaker-than-expected reading could signal a slowdown in the services sector and weigh on the EUR, while stronger-than-expected data could support the EUR. Overall, EURTHB is expected to remain volatile within a range, with focus on German and Eurozone PMI data, as well as the direction of European Bond Yields. Technical Analysis — EURTHB 1H Bias: Sideway The price remains in a downtrend. If it fails to break above the 37.97–38.00 zone, it could decline to retest 37.89. Resistance: 37.97 / 38.00 Support: 37.89 Target: 37.97 Cut Loss: 37.88