EURTHB Eyes German DataEuro/Thai BahtSAXO:EURTHBYES_GroupYesterday Recap | 24/8/26 Yesterday, EURTHB closed at 38.14 in the Thai market, moving within the 38.09–38.15 range. The EUR remained supported by expectations that the ECB may adopt a more hawkish monetary policy, as the market increased its expectations of a rate hike in September. Meanwhile, the USD remaining relatively strong continued to limit the EUR’s upside. Fundamental | 25/8/26 Key News Today | Forecast | Previous 13:00 — German Final GDP QoQ: 0.2% | 0.2% 15:00 — German Ifo Business Climate: 87.3 | 86.6 Today, the market will mainly focus on German Final GDP and the German Ifo Business Climate, particularly the Ifo survey, which reflects business sentiment in Germany. Better-than-expected data could support the EUR and strengthen confidence in the German economy, while weaker-than-expected data could put short-term pressure on the EUR. Meanwhile, expectations that the ECB may raise interest rates in September remain a positive factor for the EUR. However, the direction of the USD and overall risk sentiment remain key factors to monitor alongside the euro. Technical Analysis Bias: Sideway Up / Bullish EURTHB has started to recover from support around 38.10 and remains above the short-term ascending trendline. As long as the price holds above 38.16, the pair has room for a further rebound. Resistance: 38.25 A key resistance level. A break above this level could open further upside. Support: 38.16 Key support. Holding above this level would maintain the Sideway Up outlook. Target: 38.25 Cut Loss: 38.10 A break below 38.10 and the ascending trendline would weaken the short-term rebound structure.