Euro (EUR/IRR) Extends Gains as Bullish Trend Persists
The Euro (EUR/IRR) closed higher on October 29, 2026, marking a daily gain. The currency pair advanced by 14,500 IRR, settling at 3,019,000 IRR at the close...
Market Summary
The Euro (EUR/IRR) closed higher on October 29, 2026, marking a daily gain. The currency pair advanced by 14,500 IRR, settling at 3,019,000 IRR at the close of the session.
Interactive price chart
Market Analysis
The Euro (EUR/IRR) recorded a daily gain on October 29, 2026, closing at 3,019,000 IRR. The session opened at 3,004,500 IRR, reached an intraday high of 3,028,600 IRR, and touched a low of 2,999,700 IRR. This marks the first consecutive day of gains for the pair.
The overall market structure indicates a bullish trend for the Euro against the Iranian Rial. The current price trades above its 20, 50, and 200-day Simple Moving Averages, reinforcing the upward trajectory. The Euro is trading approximately 1.74% below its 52-week high of 3,072,600 IRR, which also serves as the immediate resistance level. A key support level is identified at 2,875,100 IRR. The closing price of 3,019,000 IRR is positioned above the daily pivot point of 3,002,500 IRR and the first resistance pivot (R1) at 3,014,600 IRR.
Technical Highlights
Momentum indicators suggest a moderately positive outlook, with the 14-period Relative Strength Index (RSI) at 60.60, remaining above its neutral 50 level. The Average Directional Index (ADX) stands at 29.39, indicating a strong trend, further supported by the Plus Directional Indicator (+DI) at 35.58 exceeding the Minus Directional Indicator (-DI) at 26.19, which points to bullish strength. Both the Supertrend and Parabolic SAR (PSAR) indicators provide bullish signals, with the price trading above their respective levels of 2,914,501 IRR and 2,897,646 IRR. While the overall trend appears bullish, the Moving Average Convergence Divergence (MACD) histogram shows a negative value of -10,983, suggesting a slight short-term weakening of bullish momentum as the MACD line is below its signal line.
Conclusion
The Euro (EUR/IRR) closed higher, extending its gains for a second consecutive session within an established bullish trend. Key technical indicators largely support this upward bias, with price trading above significant moving averages and strong trend confirmation from ADX, Supertrend, and PSAR. However, the MACD histogram suggests a minor deceleration in short-term momentum. 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.