EURTHB Eyes Eurozone Data

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EURTHB Eyes Eurozone DataEuro/Thai BahtSAXO:EURTHBYES_GroupMarket Analysis: EURTHB trades with a Sideway to Bullish bias as markets turn their attention to Italian Retail Sales and Spanish Unemployment Change to evaluate Eurozone economic momentum. Following last week’s Eurozone CPI releases, investor focus has shifted toward consumption and labor market health. Stronger-than-expected Italian retail figures alongside a steeper drop in Spanish unemployment would signal ongoing Eurozone economic resilience, offering underlying support to the Euro and propelling EURTHB toward key resistance boundaries. Technical Outlook: Sideway to Bullish. The price structure maintains an upward trajectory, holding securely above short-term moving average lines while printing consecutive Higher Lows. The RSI sits above the 50 neutral line, and the MACD has crossed above its signal line, signaling positive short-term momentum. Maintaining a position above 38.48 will pave the way for a retest of the 38.52–38.56 target zone, which coincides with a Fair Value Gap (FVG). However, as 38.52–38.56 represents a critical resistance/FVG area, profit-taking may emerge, risking a retracement to 38.43–38.40 if Eurozone data disappoints or the US Dollar rebounds sharply. Support : 38.43 – 38.40 Resistance : 38.48 Target : 38.52 – 38.56 Cut Loss : 38.39