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FxWirePro- Major European Indices 
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FxWirePro- Major European Indices 
- USD/THB is currently trading around 35.40 marks.
- It made intraday high at 35.44 and low at 35.39 marks.
- Intraday bias remains bearish for the moment.
- On the top side key resistances are seen at 35.44, 35.61, 35.74, 35.84, 35.93, 36.01, 36.08, 36.39 and 36.66 marks respectively.
- Alternatively, a daily close below 35.44 will drag the parity down towards key supports around 35.22, 35.04, 34.83, 34.64, 34.51 and 34.20 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.
We prefer to take short position in USD/THB around 35.40, stop loss 35.46 and target of 35.22/35.04.
