Today's TRY to EUR Price Update

Summary

This report provides the real-time exchange rate between the Turkish Lira (TRY) and the Euro (EUR), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Euro (EUR) is one of the world’s major fiat currencies, while the Turkish Lira (TRY) represents the currency of a significant emerging market economy. The exchange rate between them reflects market sentiment regarding economic conditions in the Eurozone and Turkey, as well as investor confidence in both currencies’ stability and purchasing power.

Today’s Price

• 1 TRY = 0.0199 EUR
• 24h High: 0.019908 EUR
• 24h Low: 0.01987 EUR

Market Analysis

Recent TRY/EUR price movements indicate a strong bullish trend for the EUR against the TRY, reflecting shifting market dynamics between the two currency zones.

• Technical levels: Key support identified at 48.9071 TRY (EUR/TRY perspective), with resistance levels at R3: 101.40909 and support at S1: 50.30005
• Trend outlook: The EUR/TRY pair is currently in a strong buy trend; as long as the price remains above the support level, bullish momentum may continue
• Short-term forecast: The TRY to EUR exchange rate is forecasted to decrease by -0.78% in the next month, potentially dropping to 0.01968 EUR
• Risk note: Potential for short-term pullbacks despite the strong bullish structure

Conclusion

Continue to monitor the TRY/EUR pair closely, integrating technical support and resistance levels with market sentiment. Traders should remain vigilant for potential pullbacks while respecting key support zones for sustained bullish positioning.