EURTHB Eyes US NFPEuro/Thai BahtSAXO:EURTHBYES_Group-Yesterday Recap 3/9/26 Yesterday, EURTHB closed at 38.27 in the Thai market. Eurozone Services PMI came in at 51.6, slightly below the forecast of 51.7, while Eurozone Composite PMI came in at 52.0, also below the forecast of 52.1, indicating that economic activity in the Eurozone slowed slightly. Meanwhile, Eurozone PPI MoM came in at 1.6%, above the forecast of 1.2% and the previous reading of -0.3%, indicating increased producer price pressures. This could lead the market to pay closer attention to the ECB's stance on inflation. -Fundamental 4/9/26 Key Events Today | Forecast | Previous EURTHB: 16:00 — Eurozone Retail Sales MoM | 0.3% | -0.3% EURTHB: 16:00 — Eurozone Retail Sales YoY | — | 0.7% EURTHB: 16:00 — ECB Lane Speaks Today, the EUR market will focus on Eurozone Retail Sales, which reflects consumer spending and purchasing power. Retail Sales MoM is expected to increase by 0.3%, compared with -0.3% previously. A stronger-than-expected reading could support the EUR. The market will also monitor ECB Lane's comments. A hawkish stance on inflation and interest rates could be positive for the EUR, while a more dovish tone could put pressure on the currency. However, EURTHB remains influenced by both the USD and the Thai baht, particularly following the release of the U.S. Nonfarm Payrolls (NFP) data later in the evening. Overall, EURTHB is expected to remain volatile within a range, with the main focus on U.S. NFP, Eurozone Retail Sales, ECB commentary, and the direction of the USD. Technical Analysis – EURTHB 1H Bias: Sideway EURTHB is moving within a sideways range after a sharp decline from around 38.65. The price remains below the key EMA levels, indicating that bullish momentum has not clearly returned. If the price holds above 38.22, it could rebound toward 38.33 and 38.38. However, if it breaks below 38.20, it could open the way for further downside. Resistance: 38.33 – 38.38 Support: 38.22 – 38.20 Target: 38.33 → 38.38 Cut Loss: Below 38.20