Market Overview for Eurite/Tether (EURIUSDT) on 2025-09-26

• EURIUSDT opened at 1.1668 and closed at 1.1681 within a 24-hour window, with a high of 1.1685 and a low of 1.1640.
• A distinct bullish trend emerged late in the cycle, with price breaking above key 1.1670–1.1675 resistance levels.
• RSI showed overbought conditions near 70 and positive divergence, while MACD indicated strengthening bullish momentum.
• Volume spiked during the final 6 hours, confirming upward price action and suggesting growing institutional involvement.
• Volatility expanded as Bollinger Bands widened, with price hovering near the upper band, signaling potential for continuation or reversal.

The EURIUSDT pair opened at 1.1668 on 2025-09-25 12:00 ET and closed at 1.1681 on 2025-09-26 12:00 ET, reaching a high of 1.1685 and a low of 1.1640. Total trading volume for the 24-hour period was 507,443.4, with a notional turnover of approximately 593,353.7 based on traded amounts. Price exhibited a distinct bullish bias in the final 6 hours, with a clear break above the 1.1670–1.1675 cluster, suggesting growing conviction in the upward move.

Structurally, EURIUSDT formed a bullish engulfing pattern on the 15-minute chart during the late ET hours, with a long lower wick and a strong close near the high of the session. Key support levels were identified at 1.1650 and 1.1640, while resistance was tested and broken at 1.1670 and 1.1675. A potential 61.8% Fibonacci retracement level at 1.1683 may act as a near-term ceiling. The 20-period and 50-period moving averages on the 15-minute chart converged to provide a dynamic support structure, while the 50-period daily MA remains below the current price, indicating a stronger short-term bullish bias.

MACD showed a positive crossover with a rising histogram, confirming bullish momentum, while RSI briefly entered overbought territory at 70 and showed positive divergence, suggesting the move could extend. Volatility increased with a widening of the Bollinger Bands, and price closed near the upper band, indicating high conviction in the current trend. Notional turnover and volume were positively aligned in the final 6 hours, with large-volume bars confirming the bullish breakout. This convergence of price and volume suggests strong institutional or algorithmic participation.

Backtest Hypothesis

The given backtesting strategy, which is not provided in detail, likely builds on the observed bullish momentum and price-volume alignment in the final hours of the session. A potential strategy could involve entering long positions on a breakout above 1.1675 with a stop-loss placed below 1.1650 and a target aligned with the 1.1683 Fibonacci level. Given the MACD and RSI signals, a trailing stop could be applied once the price surpasses key resistance levels to lock in gains. This approach could be tested over multiple similar 15-minute candles to assess consistency and risk-reward ratios.