Currency

Euro (EUR/IRR) Rebounds, Maintains Bullish Trend Amidst Mixed Signals

The Euro (EUR/IRR) closed higher on October 14, 2026, gaining ground after opening at 2,912,700 IRR and closing the session at 2,943,300 IRR. The currency pa...

Euro to IRR technical analysis cover

Market Summary

The Euro (EUR/IRR) closed higher on October 14, 2026, gaining ground after opening at 2,912,700 IRR and closing the session at 2,943,300 IRR. The currency pair traded within a range, reaching a high of 2,951,500 IRR and a low of 2,912,700 IRR, with the session's low matching its opening price. This marks the first consecutive up day for the Euro against the Iranian Rial.

Interactive price chart

Market Analysis

The latest session saw the Euro advance against the Rial, with the closing price exceeding its open. This upward movement follows a period of recent declines, as the current close of 2,943,300 IRR remains below the highs observed earlier in October, such as 3,071,700 IRR on October 4. However, the session's low of 2,912,700 IRR was higher than the previous day's low of 2,875,100 IRR, suggesting a potential higher low formation.

The overall market structure for EUR/IRR is identified as "Bullish." The price is currently trading above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing this bullish alignment across multiple timeframes. The Euro is approximately 4.18% away from its 52-week high, while remaining significantly distant from its 52-week low, at 78.76%. Key levels to watch include the established support at 2,632,600 IRR and resistance at 3,071,700 IRR. The 30-day volatility stands at 1.51%, indicating moderate price fluctuations.

Technical Highlights

  1. Moving Averages: The Euro's price is positioned above its 20-day (2,877,905 IRR), 50-day (2,652,216 IRR), and 200-day (2,153,444 IRR) Simple Moving Averages, indicating a sustained bullish trend across short, medium, and long-term horizons.
  2. Momentum (RSI): The 14-day Relative Strength Index (RSI) is at 62.07, suggesting moderately positive momentum for the Euro.
  3. Trend Strength (ADX): The Average Directional Index (ADX) is at 44.33, indicating a strong trend is in place. The Plus Directional Indicator (+DI) at 35.84 is above the Minus Directional Indicator (-DI) at 25.29, suggesting that the strength is predominantly in the upward direction.
  4. Trend Indicators (Supertrend & PSAR): The Supertrend indicator maintains a bullish signal, with the price trading above its line at 2,871,925 IRR. Conversely, the Parabolic SAR (PSAR) is positioned above the current price at 3,067,768 IRR, signaling a potential bearish reversal or downtrend. This divergence presents a mixed signal regarding the immediate trend direction.
  5. MACD: The Moving Average Convergence Divergence (MACD) shows the MACD line (89,978) below its signal line (106,654), with a negative histogram (-16,676). This configuration suggests a recent weakening of bullish momentum or a potential bearish crossover.

Conclusion

The Euro (EUR/IRR) recorded a gain on October 14, marking a rebound from recent price movements and maintaining an overall bullish trend as indicated by its position relative to key moving averages. However, technical indicators present a mixed picture, with strong trend strength confirmed by ADX and a bullish Supertrend signal, contrasted by a bearish PSAR and weakening momentum from the MACD. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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