Forex
EUR/THB Bull Run Continues as Pair Trades Above Major MAs
The Euro vs Thai Baht (EUR/THB) currency pair is experiencing bullish momentum, with prices trading above all major moving averages.
This confirms a strong short-, medium-, and long-term trend, with technical indicators showing mixed signals.
Despite some oversold conditions in the near term, buyers continue to dominate intraday action, supported by a firm structure and the testing of overhead resistance at ฿38.6992.
The current technical analysis predicts that EUR/THB will consolidate between ฿38.3142 and ฿38.6992 over the next five sessions, with an upward move probability above 80%.