Euro Faces Short-Term PressureEuro/Thai BahtSAXO:EURTHBYES_GroupMarket Analysis: The Euro faces short-term weakening pressure, weighed down by a resilient USD which continues to benefit from the better-than-expected US TIC data and steady foreign capital inflows. On the Eurozone front, today lacks major economic data releases. However, investors are closely monitoring upcoming speeches from ECB policymakers Frank Elderson and Philip Lane to gauge the central bank’s next monetary policy moves. Any hawkish rhetoric or expressed concern over lingering inflation could support the Euro and cushion its downside in the near term. Technical Outlook: On the 4-hour timeframe (4H), the broader structure remains in a downtrend. In the short term, however, the price rebounded after testing 37.53 and managed to reclaim its footing above the EMA lines. The MACD is crossing upward with a recovering histogram, signaling that selling momentum is drying up, while the RSI approaches the 50 level as buying interest returns. This setup gives the price a chance to retest the 37.63 – 37.66 resistance zone. A downside opening in the afternoon Thai stock market session could act as an additional catalyst for a move higher. Risk Factor: Because the primary trend is bearish, this move might just be a technical rebound. If the price fails to break 37.63, it could pull back to 37.55. A positive afternoon turn in the Thai stock market could also strengthen the Baht and pressure the pair. Support Level : 37.55 Target : 37.63 – 37.66 Stop Loss : 37.54