Fundamental Outlook

EURTHB is expected to trade within a range with a bearish bias, as the direction of USDTHB remains the primary driver of the pair. Meanwhile, investors are closely monitoring the Eurozone and U.S. Manufacturing PMI releases to assess the economic outlook for both regions.

If U.S. economic data comes in stronger than expected, it could support the U.S. dollar and increase downward pressure on EURTHB in the short term.

Technical Outlook

EURTHB continues to favor a Bearish outlook after being rejected from the 38.66 Swing High, triggering continued selling pressure and a break below the short-term moving average, suggesting that sellers have regained control of market momentum.

In addition, the pair is trading below the Fair Value Gap (38.54–38.60), which is acting as a key resistance zone. As long as the price fails to close back above 38.48, the primary trend remains tilted to the downside, with potential for further declines toward lower support levels.

The RSI is currently at 44.25, below the neutral 50 level, indicating weakening momentum. Meanwhile, the MACD has crossed below the Signal Line, and the Histogram remains in negative territory, reinforcing the bearish momentum. As long as EURTHB remains below 38.45, selling pressure is likely to continue, with downside targets at 38.27–38.25.

Bearish Scenario: 38.27–38.25
Bullish Scenario (Only if price holds above 38.45): 38.49–38.52
Cut Loss (Short Position): Above 38.48