– Yesterday Recap
Yesterday, EURTHB closed at 38.45 in the Thai market at 15:00. Meanwhile, Germany’s August inflation rate came in at 2.9% YoY, up from 2.8% previously, reflecting continued elevated price pressures, mainly driven by higher energy prices.
– Fundamental 1/9/26
Key News Today | Forecast | Previous
EURTHB: 16:00 – Eurozone CPI Flash Estimate YoY | 3.3% | 2.9%
EURTHB: 16:00 – Eurozone Core CPI Flash Estimate YoY | 2.5% | 2.5%
Today, the market will focus on Eurozone inflation, particularly the Headline CPI, which is expected to accelerate to 3.3% YoY from 2.9%, while Core CPI is expected to remain unchanged at 2.5%, still above the ECB’s 2% inflation target.
If inflation comes in higher than expected, it could reduce expectations for further monetary policy easing by the ECB and provide additional support for the EUR, particularly as the market looks ahead to the ECB’s September meeting. Conversely, weaker-than-expected inflation could reduce support for the EUR.
Following the acceleration in Germany’s inflation rate to 2.9%, the market is closely watching the Eurozone CPI data to assess whether price pressures are broadening across the region and how this could affect the ECB’s interest-rate outlook.
Overall, EURTHB is expected to remain volatile within a range with a bullish bias, with market attention focused on Eurozone CPI, the ECB’s interest-rate outlook, and the direction of the USD. If CPI comes in above expectations, it could be positive for EURTHB in the short term.
Technical Analysis – EURTHB 1H
Bias: Sideway to Bullish
EURTHB remains in a short-term uptrend, with the price continuing to form Higher Lows and trading above the key moving averages. The latest price action is characterized by a Sideway Up pattern.
If the price holds above 38.54 and breaks through 38.57, it could open the way for further upside. However, a break below 38.45 would signal weakening bullish momentum.
Resistance: 38.54 – 38.57
Support: 38.45
Target: 38.57
Cut Loss: Below 38.45