EURTHB Holds Above 37.92 as Germany's 2.5% CPI Test and ECB Speeches Loom
Updated
Updated · TradingView · Jun 30
EURTHB Holds Above 37.92 as Germany's 2.5% CPI Test and ECB Speeches Loom
2 articles · Updated · TradingView · Jun 30
Summary
EURTHB is seen trading in a stable to slightly stronger range, with markets focused on Germany’s June CPI at 19:00 and ECB officials’ remarks for fresh policy direction.
A 2.5% year-on-year CPI reading—down from 2.6%—and a 0.1% monthly rise are the key data points, while any hawkish ECB signal on keeping rates higher for longer could support the euro.
Technically, the pair remains in a sideway-up pattern after holding above 37.92 support despite selling near 38.02, preserving its short-term structure.
RSI at 43 and a shrinking negative MACD histogram suggest fading downside momentum; a move back above 38.00-38.03 could reopen 38.05-38.09, while a break under 37.92 would turn the setup negative.