EURTRY Forecast and Live Chart

The Euro/Turkish Lira currency pair (also referred to as EURTRY and EUR/TRY) is an exotic currency pair. In this article, we will examine how EURTRY is performing.

EURTRY Key Stats

  • 2021 high: 20.6024
  • 2021 low: 8.3615
  • YTD high: 19.5568
  • YTD low: 14.4954
  • YTD % change: 28.87%

EURTRY Forecast

While technically, the EURTRY chart looks stretched, when we take into account the fundamental analysis, it is easy to see why the euro has rallied against the lira. As a result, we see further upside in the near term and expect any pullbacks to be followed by a rally. Our bias will, however, alter if there is a change in the current fundamentals, primarily in Turkey.

EURTRY chart

EURTRY Fundamental Analysis

Fundamental analysis is a way to analyse a currency pair by assessing the economic, social, and political environment for each nation or trading bloc that may impact the strength of the currencies.

The euro is a major currency that is frequently traded and comes with a high level of volatility. And over recent months, the euro has been impacted by recent ECB rate rises that have attempted to cool inflation. Furthermore, the euro has been negatively affected by Russia’s decision to halt gas supplies, farthing heightening fears about a deepening energy crisis. As a result, with energy prices soaring and inflation increasing, the euro has weakened against other currencies with a more stable economic environment, such as the US dollar. Despite Europe’s attempts to break away from Russian supplies, it is still facing issues.

The Turkish Lira has been battling a substantial rise in its inflation rate since the end of 2021. Despite many central banks across the globe raising interest rates, the Central Bank of Turkey has recently been cutting its interest rates, mainly due to demands from the country’s President. This has been done to lower borrowing costs for natives and spur economic growth, investments, and exports for the economy. However, the lira has lost a significant proportion of its value this year, and its attempts to spur growth come with substantial risks to the currency.


Related Articles


EURTRY Technical Analysis

The interest rate differentials mean the EURTRY has been on a significant bullish run over the last few years. Despite facing a challenging economic backdrop, the euro has gained considerably against the lira. Key resistance levels such as 18.6028 and 18.7790 have been broken and are now acting as strong support levels for the pair.

Price is well above the 200 MA on the daily chart, while the 100 MA is acting as a strong support level and an area to look for price to pull back to.

Trade EURTRY with our top brokers

Broker Features Regulator Platforms Next Step
Number One Broker BlackBull Markets LogoYour capital is at risk Founded: 2014
  • Leverage Up To 500:1
  • $200 Min Deposit
  • 60+ Tradeable Instruments
FSPR MT4
tickmill_logo-173 % of retail CFD accounts lose money Founded: 2014
73 % of retail ...
  • Ultra-fast execution from 0.1s
  • Low spreads from 0.0 pips
  • All trading strategies allowed
FSA SC MetaTrader 4, Web Trader
Your capital is at risk Founded: 2006
Europe* CFDs ar...
  • 40% New Member Bonus
  • Regulatory licenses across 5 continents
  • 24/7 trading
ASIC, FSA, FSB, MiFID MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader
Your capital is at risk Founded: 2020
  • Impressive range of trading platforms
  • Tight spreads and low commissions
  • Excellent customer services
  • STP and ECN trade execution
- Pro Trader, MT4, MT5
vantage logoYour capital is at risk Founded: 2009
  • Leverage up to 500:1
  • $200 Min Deposit
  • Spreads from 0.0
CIMA MetaTrader 4, MetaTrader 5, WebTrader
LegacyFX LogoYour capital is at risk Founded: 2012
  • Meta Trader 5 Trading platform
  • Exclusive professional trading tools
  • Dedicated support staff during all trading hours
BaFin, CySEC, FCA, NBRB, VFSC MetaTrader 5
Between 74-89% of CFD traders lose Founded: 2010
Between 74-89 % of retail investor accounts lose money when trading CFDs
  • Four user-friendly trading platforms
  • Consistently rater No1 for Trader Support
  • Set up by traders, for traders
ASIC, FCA MetaTrader 4, MetaTrader 5, cTrader
AdroFX LogoYour capital is at risk Founded:
  • Crypto deposits possible
  • Bonus offers
  • Leverage up to 1:500
  • MT4 and Allpips platforms
FSA, VFSC MetaTrader 4, Web Trader, Social Trading Allpips, Web Platform Allpips
Your capital is at risk Founded: 2000
  • Good range of assets, such as CFDs
  • Fully regulated brokerage
  • Multi-lingual reporting
DFSA, FCA, FINMA, MFSA, only EU traders), SFC FCA (Swissquote LTD MT4, MT5, AdvancedTrader
Trade360 LogoYour capital is at risk Founded: 2013
  • Over 200 Tradeable Accounts
  • $50 no deposit bonus
  • Trading Central Insight Portal
CySEC CrowdTrading
Oanda Logo77% of retail CFD accounts lose money Founded: 1996
  • No Minimum Deposit
  • Over 100 instruments
  • Web, desktop, mobile platform and MT4

ASIC, FCA, IIROC, MAS fxTrade, MT4
vt markets logoYour capital is at risk Founded: 2016
ASIC, CIMA MT4
Your capital is at risk Founded: 2015
  • $50 Min Deposit
  • Flexible Leverage
  • Low Min Order Values
FCA, SCB MT4
Your capital is at risk Founded: 1991
73.05% of investors lose money when trading CFDs with FXCM
  • Enhanced Execution and pricing.
  • Award-winning trading platform
  • Free Access to Exclusive Trading Tools
- FXCM Trading Station (Web, Desktop, Mobile), FXCM MetaTrader 4, NinjaTrader
city index new75% of clients lose money. Capital at risk. Founded: 1983
  • Exceptional customer service
  • Beginner-friendly
  • Free Webinars
ASIC, FCA, MAS Advantage Web, AT Pro, MT4, WebTrader
Exness LogoYour capital is at risk Founded: 2008
  • Instant automated withdrawals 24/7
  • Commission-free Standard accounts
  • Some of the lowest spreads on the markets and stable execution
  • Unlimited leverage
  • Free VPS Hosting
CySEC, FCA, FSA, FSCA MT4, MT5, WebTerminal
Your capital is at risk Founded: 2017
FSC XOH, MT5,
SquaredFinance LogoYour capital is at risk Founded: 2016
CySEC
fusion markets logoYour capital is at risk Founded: 2017

Lowest Commissions in Australia

$4.50 per lot RT

ASIC, VFSC MT4
Your capital is at risk Founded: 2012
Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.
  • High leverage.
  • Variety of trading tools.
  • Multilingual support.
  • Excellent range of educational tools
  • Leverage up to 1:1000
  • Spreads from 0.3 Pips
  • Only a $10 minimum deposit
FSA, FSC MT4, MT5, WebTrader, Proprietary Mobile App