Yesterday Recap – 27/8/26
Yesterday, EURTHB closed at 38.28 in the Thai market. Meanwhile, the market was closely watching the ECB Monetary Policy Meeting Accounts to assess the ECB’s interest rate outlook.
The EUR continued to receive support from expectations that the ECB may maintain a restrictive monetary policy stance for an extended period.
Fundamental Analysis – 28/8/26
Key Events Today
EU: 13:45 – France CPI MoM
Forecast: 0.7% | Previous: 0.6%
EU: 14:55 – German Unemployment Change
Forecast: 4K | Previous: 6K
EU: 22:55 – ECB Schnabel Speaks
Today, the market will focus on French inflation data and the German labor market to assess the inflation and economic outlook for the Eurozone.
Stronger-than-expected data could provide support for the EUR and EURTHB.
Later in the evening, attention will turn to comments from ECB’s Schnabel, which could influence expectations for interest rates. If she continues to signal the need for further measures to control inflation, this could be a positive factor for the EUR.
On the Thai baht side, the currency continues to receive support from positive sentiment in U.S. equity markets following NVIDIA’s strong earnings and guidance, while the decline in the VIX also supports risk assets. However, volatility surrounding Jackson Hole could still influence the USD and EUR/USD.
Overall, EURTHB is expected to move within a volatile range with a slight upward bias, with the key factors being European inflation data, ECB policy signals, and the direction of EUR/USD.
Technical Analysis
Bias: Sideway Up
EURTHB remains in a Sideway Up trend, with the price continuing to form Higher Lows and holding above the moving averages.
A break above 38.39 could open the way for a move toward 38.43 and 38.46. Meanwhile, a break below 38.29 would confirm increasing downside risk.
Resistance: 38.39
A key resistance level. If the price breaks above 38.39, further upside could follow.
Support: 38.31
The first support level. As long as the price remains above this level, the Sideway Up structure remains intact.
Support: 38.29
A key support level. A break below this level could weaken short-term upward momentum.
Target: 38.43 / 38.46
Cut Loss: 38.29
If the price breaks below 38.29, it could return to the previous range and continue moving lower.