Euro (EUR/IRR) Trades Near 2,936,300 Amid Recent Price Fluctuations

Market Summary

The Euro (EUR/IRR) settled at 2,936,300 Iranian Rials at the close of the latest trading session on November 11, 2026, recording a single-day advance following recent downward pressure. During the session, the currency traded between a low of 2,899,000 and an intraday high of 2,937,000, recovering slightly from an opening level of 2,916,300.

Market Analysis

The latest session broke a short sequence of declines observed over early November, with the price posting one consecutive up day after touching lows near 2,904,600 on November 10. A review of recent historical sessions shows the currency sliding from a late-October peak close near 3,053,650 down toward the current levels. Despite the session's gain, the market structure reflects a price sitting below the 20-day simple moving average of 3,004,755, while remaining positioned above the 50-day and 200-day simple moving averages, which stand at 2,908,374 and 2,297,449, respectively. The immediate intradian range is defined by the session low at 2,899,000 acting as support, with broader resistance located further up near the 3,081,600 mark.

Technical Highlights

Momentum indicators provide mixed context regarding the asset's trajectory. The 14-day Relative Strength Index registers at 45.87, remaining below the neutral 50 threshold and pointing to mild underlying downward momentum without entering oversold territory. Meanwhile, the Commodity Channel Index (CCI) sits at -166.75, reflecting deep short-term discounting relative to historical averages. The Moving Average Convergence Divergence indicator shows a negative histogram value of -21,324.54, with the MACD line at 9,435.60 remaining below its signal line of 30,60.14. Trend context via the Average Directional Index (ADX) at 20.97 suggests a lack of a strong directional trend, while the Supertrend indicator and Parabolic SAR both maintain a negative directional bias with values positioned above current pricing at 3,037,723 and 3,069,365 respectively.

Conclusion

The Euro (EUR/IRR) concluded its latest session with a modest recovery to 2,936,300 after testing support near 2,899,000. While short-term moving average comparisons and negative MACD readings highlight ongoing near-term pressure, the price continues to hold above its 50-day and 200-day moving averages. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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