ECB Raises Rates as Iran War Heightens Inflation Concerns

The ECB's interest rate hike amid Iran-related inflation concerns could weaken global risk appetite and create short-term pressure on GOOGL. The stock has already fallen 4.3% in 24 hours, with RSI at 33 approaching oversold territory and MACD below the signal line, indicating selling pressure may continue. The price is below the 20 and 50-day moving averages, and the technical outlook is weak. However, the low RSI level also increases the possibility of a short-term rebound. Therefore, although the direction is downward, confidence should be kept at a moderate level.

The ECB's surprise rate hike, combined with inflation concerns, is a positive catalyst for EUR in the short term. However, technical indicators are weak: RSI at 42 in the neutral-lower zone, MACD negative, and price below the SMA20/50. Therefore, the reaction may be limited, and the 1.1600 support is critical. Although the news flow is supportive, the current downtrend has not fully reversed. I expect a moderate upward reaction for 1-3 days, but confirmation is needed for a strong trend reversal.

The ECB's interest rate hike is a positive short-term signal for the EUR, as Iran-related geopolitical risks push inflation higher. However, in the EURTRY pair, Turkey's own dynamics and risk appetite towards the TL will be decisive. Technical indicators are mixed: RSI at 48 is neutral, MACD is below the signal line, and the price is slightly below the SMA20. Therefore, upside potential may be limited; unless the 56.50 resistance is surpassed, directional uncertainty persists. In the short term, a slight upward bias, but confirmation is needed for a strong trend.