eur
try

EURTRY

1.2345
0.042%
Swap Short
1,94 Points
Swap Long
-8.23 Points
SELL
1.08491
BUY
1.08505
Low: 1.08491
Spread
High: 1.08505
EURTRY Trading Chart
Past performance is not a guarantee or prediction of future performance.
Market Hours* Open Now
Closes on
Monday at 00:00
Volatility
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About EURTRY
The EURTRY pair represents the exchange rate between the Euro (EUR) and the Turkish Lira (TRY). This currency pair is known for its high volatility due to economic and political developments in Turkey. EURTRY is influenced by Eurozone economic performance and Turkey's unique macroeconomic conditions, including inflation and interest rate policies.
How to Trade EURTRY
To trade EURTRY effectively:
  • 1
    Analyze Economic Events
    Monitor Eurozone and Turkish economic data, particularly inflation, interest rate decisions, and GDP growth reports.
  • 2
    Watch Geopolitical Developments
    Stay updated on Turkey’s political and geopolitical landscape, as these events can lead to sharp movements in eur-try.
  • 3
    Use Technical Indicators
    Utilize moving averages, RSI, and Fibonacci retracements to identify support and resistance levels.
  • 4
    Set Risk Management
    Use stop-loss orders and appropriate position sizing to protect your capital in this highly volatile pair.
EURTRY often exhibits sharp price movements due to unexpected news or policy changes in Turkey. Trading with caution and staying informed is essential.
Key Factors Affecting EURTRY
Several factors influence EURTRY, including:
  • Economic 
    Indicators
    Eurozone GDP, inflation, and employment data, as well as Turkey’s inflation rate, GDP growth, and employment figures.
  • Monetary 
    Policy
    Interest rate decisions from the European Central Bank (ECB) and the Central Bank of the Republic of Turkey (CBRT) significantly affect EURTRY movements.
  • Geopolitical 
    Developments
    Political stability, regional conflicts, and diplomatic relations, especially in Turkey, play a critical role in EURTRY volatility.
FAQ - EURTRY

EURTRY is influenced by several key factors:

  • Economic Indicators: Key economic data from the Eurozone and Turkey, including inflation rates, GDP, and employment, significantly impact EURTRY.
  • Monetary Policy and Interest Rates: The interest rate decisions and monetary policy stances of the European Central Bank (ECB) and the Central Bank of the Republic of Turkey (CBRT) have a direct impact on EURTRY.
  • Geopolitical Risks and Domestic Factors: Political instability, domestic policy decisions, and geopolitical tensions in Turkey can cause significant volatility in the EURTRY pair.

There are several benefits to trading EURTRY:

  • Volatility Opportunities: EURTRY is a volatile pair, which can create profitable opportunities for traders who are skilled in managing risk and volatility.
  • Currency Pair with High Liquidity: EURTRY generally offers good liquidity, especially during European and Turkish market hours, which allows for easier entry and exit points.
  • Interest Rate Differentials: The difference in interest rates between the ECB and CBRT can create attractive trading opportunities as traders look to capitalize on rate differentials.

Traders should be mindful of these risks when trading EURTRY:

  • High Volatility: EURTRY is known for its high volatility, especially during political instability, economic uncertainty, or unexpected central bank actions.
  • Geopolitical Events: Political developments and tensions in Turkey, such as elections or international relations, can lead to sharp fluctuations in the exchange rate.
  • Inflation and Economic Instability: High inflation and economic instability in Turkey can affect the value of the Turkish Lira, leading to significant and sometimes unpredictable price movements in EURTRY.
If you have more questions visit FAQ Page
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. It is important to fully understand the risks involved and seek independent advice if necessary. You should carefully consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money. The value of your investment may go down as well as up.

Please review our Legal Documents to understand the risks involved before you invest. See your rights and responsibilities as a retail client.
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