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FxWirePro- Major European Indices 
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- USD/THB is currently trading around 30.83 marks.
- It made intraday high at 30.87 and low at 30.81 marks.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 30.95 marks.
- On the top side, key resistances are seen at 30.95, 31.20, 31.50, 31.70, 31.99, 32.10, 32.22 and 32.54 marks respectively.
- Alternatively, a daily close below 30.85 will drag the parity down towards key supports around 30.56, 30.42, 30.28 and 30.12 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- Thailand industrial production y/y at -5.54 pct vs -3.99 pct previous release.
We prefer to take short position on USD/THB around 30.90, stop loss at 30.98 and target of 30.56.
