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EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00 
- USD/THB is currently trading around 32.90 marks.
- It made intraday high at 32.94 and low at 32.89 marks.
- Intraday bias remains neutral for the moment.
- On the top side, key resistances are seen at 32.97, 33.07, 33.15, 33.32 and 33.52 marks respectively.
- Alternatively, a daily close below 32.90 will drag the parity down towards key supports around 32.77, 32.68, 32.57, 32.42, 32.20 and 32.07 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- Thailand will release trade balance, current account and forex reserves data at 0730 GMT.
We prefer to take short position on USD/THB only below 32.87, stop loss 33.02 and target of 32.77/32.68.
