According to Shahr -e- Bours, Euro trading on Thursday will virtually be non-existent. Tomorrow marks January 1, 2026, the beginning of the New Year; this means all banks in Europe, the US, and Forex markets are on an official holiday. With the global exchange rate (EUR/USD) fixed and charts showing a flat line, the Tehran market receives no external signals for volatility.

On the domestic front, Thursday is considered the “weekend” in Iran, and free market trading usually wraps up by 12:00 PM. Considering that yesterday (Wednesday) Tehran was closed due to emergency measures, and tomorrow the global market is shut, the currency market has effectively entered a three-day hiatus and no real price discovery will happen until Saturday morning.

Under these conditions, pricing is merely nominal and based on the last closing rates from Tuesday. Retail dealers might attempt to announce higher rates by exploiting the holiday, but since trading volume is near zero, these rates lack technical validity. The Euro is currently resting at its support level, awaiting the market reopening next week.

Forecast for Jan 1, 2026: It is predicted that tomorrow will be the quietest day of the year for the Euro market. Speculators are on holiday, and currency traders are waiting to see the impact of the New Year on European monetary policies. Buyers are strongly advised to refrain from any transactions on “January 1st,” as the spread (the difference between the buying and selling price) widens significantly on holidays, which is to the customer’s detriment.