CBRT Interest Rate Decision Awaited

The EUR/TRY pair is trading at 56.58, showing a sideways-positive trend with a 0.33% increase over the past 24 hours. Although the RSI at 61.4 is approaching overbought territory, it has not yet signaled strong momentum weakness. The MACD is slightly above its signal line, and the price is above both the SMA20 and SMA50, indicating a moderately positive short-term technical outlook. However, the expectation of a CBRT interest rate decision in the news headline does not clarify the direction due to uncertainty; a rate hike could support the Turkish lira and push EUR/TRY lower, while a below-expectation decision or a dovish tone could create upward pressure. Therefore, a neutral stance is appropriate for a 1-3 day horizon, and it is necessary to wait for the rate decision and the subsequent price reaction for a definitive direction forecast.

The GBPTRY pair is trading sideways at 65.90; RSI at 55 indicates a neutral zone and slightly above the MACD signal line. The price is marginally above the SMA20 and SMA50 averages, suggesting a slight positive bias in the short term, but no clear trend. The news headline indicates that the CBRT interest rate decision is awaited; ahead of such high-impact events, the market typically remains directionless. Unless there is a clear surprise in the interest rate decision, a sharp move in the pair is not expected. Therefore, the 1-3 day outlook is neutral; volatility may increase after the decision.