Eur/try Currency Pair Forecast

Buy or Hold candidate since Jul 07, 2026 Gain 2.60%

The EUR/TRY currency pair price gained 0.116% on the last trading day (Friday, 31st Jul 2026), rising from TRY 54.75 to TRY 54.82. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the currency pair fluctuated 0.788% from a day low at TRY 54.48 to a day high of TRY 54.91. The price has risen in 6 of the last 10 days and is up by 1.6% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 107 thousand more shares were traded than the day before. In total, 107 thousand shares were bought and sold for approximately TRY 5.85 million.

The currency pair has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. TRY 54.42 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the currency pair is predicted to reach TRY 55.55 sometime during the next 3 months.

EURTRY Signals & Forecast

The EUR/TRY currency pair holds buy signals from both short and long-term Moving Averages giving a positive forecast for the currency pair. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 54.21 and TRY 53.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 23, 2026, and so far it has risen 3.68%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The currency pair had a Golden Star Signal on Tuesday, June 30, 2026 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the currency pair in question.

Support, Risk & Stop-loss for EUR/TRY currency pair

EUR/TRY finds support from accumulated volume at TRY 53.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the currency pair tends to have very controlled movements and with good liquidity the risk is considered very low in this currency pair. During the last day, the currency pair moved TRY 0.429 between high and low, or 0.788%. For the last week the currency pair has had daily average volatility of 2.51%.

The EUR/TRY currency pair is extremely overbought on RSI14 (83). Normally this may pose a good selling opportunity but since the currency pair has broken the trend up, the chance for a major correction due to high RSI is very small as the currency pair will find support at the trend broken.

Our recommended stop-loss: TRY 52.17 (-4.82%) (This currency pair has very low daily movements and this gives very low risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (EURTRY) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect EUR/TRY to open at TRY 54.73, and during the day (based on 14 day Average True Range), to move between TRY 54.22 and TRY 55.41, which gives a possible trading interval of +/-TRY 1.18 (+/-2.18%) up or down from last closing price. If EUR/TRY takes out the full calculated possible swing range there will be an estimated 2.18% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ TRY 53.38, some TRY 1.44 (2.63%) from the current price of TRY 54.82, our system finds the risk reward attractive.

Is EUR/TRY currency pair A Buy?

EUR/TRY holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Fair Opening Price

Predicted fair opening price on August 3, 2026 - TRY 54.73 ( 0.150%).

Want to trade but not sure how? Our step-by-step guide can help.
Skip the guide? Open account with our trusted broker*
*Your capital is at risk