Euro Lira forecast
The euro Turkish lira is a forex pair that tracks the euro against Turkey’s currency, often influenced by inflation trends, central bank policy and broader global market conditions. Explore third-party EUR/TRY forecasts and technical analysis.
Euro Turkish lira (EUR/TRY) is trading around 51.45 in late European dealing on 6 February 2026, holding near the top of its intraday range between 51.12 and 51.55, according to Capital.com prices at 10:55am UTC. The pair remains close to the European Central Bank’s latest euro reference level of 51.37, suggesting relatively contained movement compared with the prior session. Past performance is not a reliable indicator of future results.
The cross is moving amid elevated but easing inflation in Turkey, where annual consumer price growth slowed to about 30.65% in January 2026, even as monthly inflation accelerated to 4.84% (SteelRadar, 3 February 2026), alongside a recent central bank policy rate cut to 37% (ING Think, 22 January 2026). On the euro side, EUR/TRY trades against a backdrop of unchanged European Central Bank policy rates following the June 2025 cut that took the main refinancing rate to 2.15% and the deposit facility to 2% (European Central Bank, 5 June 2025). More broadly, lira performance reflects a multi-year depreciation trend, with ECB data showing the Turkish lira down roughly 27% year on year versus the euro as of early February 2026 (YCharts, 5 February 2026).
EUR/TRY forecast 2026–2030: Analyst price target view
As of 6 February 2026, third-party euro Turkish lira predictions show a wide dispersion of model- and survey-based paths for the euro against the Turkish lira over 2026. These estimates are illustrative rather than predictive and can be revised as macroeconomic conditions, policy settings and market volatility evolve.
Long Forecast (algorithmic model)
Long Forecast indicates that its algorithm projects EUR/TRY rising from around 53.62 in April 2026 to about 60.12 by December 2026. The site notes that this path reflects an assumption of continued Turkish lira depreciation alongside relatively stable euro-area conditions over the year (Long Forecast, 6 February 2026).
Wallet Investor (AI-driven daily path)
Wallet Investor projects EUR/TRY fluctuating around the low-50 area through February 2026, with specific daily forecasts such as around 50.51 on 14 February 2026 and 50.40 on 15 February 2026. The service explains that these levels are derived from an AI-driven model that extrapolates recent price behaviour over the coming days and months (Wallet Investor, 6 January 2026).
CoinCodex (technical-signal model)
CoinCodex indicates that its technical-indicator model expects EUR/TRY to average about 51.90 in February 2026, which would represent a modest change versus early-January levels. CoinCodex notes that this view is based on technical factors such as moving averages and momentum signals, which it interprets as supportive over the short term, while also noting that such signals can change as market conditions evolve (CoinCodex, 4 January 2026).
Predictions and third-party forecasts are inherently uncertain, as they cannot fully account for unexpected market developments. Past performance is not a reliable indicator of future results.
Euro–Turkish lira: Technical overview
On the daily chart, EUR/TRY is trading around 51.45 as of 10:55am UTC on 6 February 2026, holding above a rising simple moving-average cluster, with the 20-, 50-, 100- and 200-day SMAs near 51.1, 50.5, 49.6 and 47.9 respectively. This keeps the shorter-term averages above the longer-term ones, maintaining a broadly upward-sloping configuration. The 14-day RSI sits around 59.1 in the upper-neutral band, while an ADX reading near 44.3 points to an established trend backdrop rather than a range-bound market.
On the topside, the nearest classic resistance is around the R1 pivot at 52.7, with a sustained daily close above that area bringing the R2 region near 53.8 back into focus as the next reference zone. On pullbacks, the classic pivot at 51.4 marks initial support, while the 100-day SMA around 49.6 forms the first notable moving-average shelf. A decisive break below that level would increase the risk of a move towards the S1 area near 50.3 (TradingView, 6 February 2026).
This technical analysis is provided for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument.
EUR/TRY history (2024–2026)
EUR/TRY spent much of 2024 trading in the mid-30s, closing at 36.90 on 31 December 2024 after largely holding within a 33–37 range through the year. It then moved higher over 2025, finishing that year at 50.79 on 31 December 2025 as the pair progressed from the low-40s in March into the high-40s and just above 50 by year-end.
In 2026 so far, EUR/TRY has been consolidating those gains, with prices mostly in the low-51 area and a recent high near 52.61 on 27 January 2026. As of 6 February 2026, the pair is trading around 51.48, keeping it close to the upper end of its two-year range.
Past performance is not a reliable indicator of future results.
Capital.com analyst view
Euro Turkish lira (EUR/TRY) has climbed from the mid-30s in early 2024 to trade around 51.45 as of 6 February 2026 on Capital.com’s feed, reflecting a prolonged period in which the euro has appreciated against the lira. This type of extended move can appeal to traders who follow established trends, but it also means positioning may be one-sided, leaving the pair sensitive to changes in expectations or unexpected developments in the Turkish economic outlook.
Key drivers to monitor include Türkiye’s inflation backdrop and monetary policy stance. Periods of elevated price pressures and restrictive policy have coincided with lira weakness, while faster-than-expected disinflation or a more stable growth outlook could support a period of consolidation or recovery. Euro-area data, global risk appetite and moves across other emerging-market currencies can also influence EUR/TRY, at times reinforcing the prevailing direction and at others contributing to pauses or reversals.
Capital.com’s client sentiment for EUR/TRY CFDs
As of 6 February 2026, Capital.com client positioning in euro Turkish lira CFDs shows 34.1% buyers versus 65.9% sellers, placing the pair in majority-sell territory, though not at extreme levels, with sellers ahead by around 31.8 percentage points. This snapshot reflects open positions on Capital.com and can change over time.
Summary – EUR/TRY 2026
- EUR/TRY rose from the mid-30s in early 2024 to end 2025 around 50.79, marking a notable two-year advance against the Turkish lira.
- As of 6 February 2026, the pair is trading near 51.45, close to the top of its recent intraday range between 51.12 and 51.55.
- Technical indicators show price holding above a rising 20-, 50-, 100- and 200-day moving-average cluster, with RSI in upper-neutral territory and ADX pointing to an established trend environment.
- Key influences include Türkiye’s inflation and policy trajectory, euro-area economic data and global risk sentiment, all of which can shape EUR/TRY movements in either direction as conditions evolve.
Past performance is not a reliable indicator of future results.
FAQ
What is the euro Turkish lira forecast?
Forecasts for the euro Turkish lira (EUR/TRY) vary widely and are typically framed as indicative scenarios rather than firm predictions. Analyst models published in early 2026 generally cluster around current spot levels in the low-50s, with some suggesting the possibility of a gradual move higher over the year. These views are based on assumptions around inflation trends, monetary policy and broader market conditions, all of which can change, so forecasts are subject to revision as new data emerge.
What influences EUR/TRY movements?
EUR/TRY is influenced by a combination of domestic and external factors. On the Turkish side, inflation dynamics, central bank policy decisions and confidence in economic management play a key role. For the euro, European Central Bank policy, euro-area economic data and broader risk sentiment are important. Global factors such as emerging-market capital flows, geopolitical developments and shifts in investor appetite can also affect the pair, at times reinforcing existing moves and at others contributing to periods of consolidation.
Could EUR/TRY go up or down?
EUR/TRY can move in either direction, depending on how economic and policy conditions evolve. Continued high inflation or policy uncertainty in Turkey could place pressure on the lira, while signs of stabilisation or faster-than-expected disinflation could support periods of retracement or consolidation. At the same time, changes in euro-area growth prospects or global risk sentiment can influence the euro side of the pair, making outcomes inherently uncertain rather than one-directional.
Can I trade euro Turkish lira CFDs on Capital.com?
Yes, you can trade EUR/TRY CFDs on Capital.com. Trading forex CFDs lets you speculate on price movements without owning the underlying currencies, and to take long or short positions. However, contracts for difference (CFDs) are traded on margin, and leverage amplifies both profits and losses. You should ensure you understand how CFD trading works, assess your risk tolerance, and recognise that losses can occur quickly.