Euro (EUR/IRR) Extends Gains, Maintains Bullish Trend

Market Summary

The Euro (EUR/IRR) closed higher on August 3, 2026, gaining 15,100 IRR to settle at 2,221,600 IRR. The currency pair opened the session at 2,206,500 IRR, reached an intraday high of 2,226,000 IRR, and recorded a low of 2,205,700 IRR. This marks a consecutive day of gains for the Euro against the Iranian Rial.

Market Analysis

The Euro's performance on August 3 saw it trade within a relatively narrow range of 20,300 IRR before closing near its daily high. This upward movement follows a decline on August 2, which had interrupted a previous session's advance. Over the past month, the Euro has demonstrated a generally upward trajectory, with the current price positioned above its 20-day, 50-day, and 200-day simple moving averages, reinforcing a bullish market structure.

The latest close of 2,221,600 IRR places the Euro approximately 1.24% below its 52-week high, indicating its proximity to recent peak levels. The currency pair faces resistance at 2,249,500 IRR, which corresponds to the highest high recorded on August 1. Support is identified at 2,024,100 IRR. The 30-day volatility stands at 1.41%, suggesting moderate price fluctuations over the recent period.

Technical Highlights

Momentum indicators suggest a continued positive bias. The 14-period Relative Strength Index (RSI) is at 61.53, indicating positive momentum without entering overbought territory.

The Average Directional Index (ADX) at 24.00 suggests a developing trend, with the Plus Directional Indicator (+DI) at 35.27 notably above the Minus Directional Indicator (-DI) at 23.01, reinforcing the upward directional movement.

Both the Supertrend and Parabolic SAR (PSAR) indicators are signaling an uptrend, with the price trading above their respective levels of 2,115,932.64 and 2,117,925.2.

The Euro is trading above its 20-day simple moving average of 2,167,500 IRR, further confirming the short-term bullish sentiment.

Conclusion

The Euro (EUR/IRR) closed higher for a second consecutive session, maintaining a bullish trend as indicated by its position above key moving averages and positive momentum signals. The currency pair remains close to its recent highs, with resistance identified at 2,249,500 IRR. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

Track the latest Euro (EUR/IRR) session on Iran Market Data.