Market Overview: Eurite/Tether (EURIUSDT) – 24-Hour Technical Summary

• EURIUSDT traded in a tight range today, with bearish bias in late hours
• Key resistance at 1.1645 and support at 1.1620 tested multiple times
• Momentum faded by midday, RSI entered oversold territory after 17:00 ET
• Volume surged in early morning hours, but notional turnover showed divergence
• Bollinger Bands tightened before 07:00 ET, suggesting potential breakout risk

Eurite/Tether (EURIUSDT) opened at 1.1637 on October 26, 2025 at 12:00 ET, reached a high of 1.1650, a low of 1.1620, and closed at 1.1638 at 12:00 ET the next day. Total volume for the 24-hour period was 1.62 million, with notional turnover amounting to approximately $1.9 million (based on trade sizes). The pair has shown mixed bias, with early bearish pressure giving way to choppy consolidation.

Structure & Formations

The 15-minute chart formed several key patterns throughout the day, including a bearish engulfing pattern at 22:15 ET as the price closed below the prior candle’s body, followed by a series of doji and small-range bars indicating indecision. A bullish reversal could be expected from the 1.1620 support level if buyers re-enter the market. Resistance is currently concentrated around 1.1645, where a cluster of highs from late evening trading was recorded.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a bearish divergence early in the session before converging again near 1.1635. On the daily chart, the 50-period MA remains above the 100-period MA, suggesting a mildly bullish trend on the longer timeframes, though the 200-period MA remains a key bearish reference point near 1.1620.

MACD & RSI

The MACD histogram contracted into negative territory by 07:00 ET, signaling a shift in momentum to the bearish side, while RSI entered oversold conditions below 30 after 17:00 ET. A rebound from this level could indicate short-term buying interest, though confirmation is needed for a sustained reversal.

Bollinger Bands

Volatility contracted significantly between 07:00 ET and 09:00 ET, with price hovering near the middle band. This contraction was followed by a breakout attempt above the upper band at 10:00 ET, which failed at 1.1645. The bands remain wide, indicating elevated uncertainty in the market, with the 1.1620–1.1635 range acting as a key consolidation zone.

Volume & Turnover

Volume peaked early in the session at 181,943.6 and declined gradually, though large-volume bars at 05:30 ET and 11:30 ET suggest key participation levels. Notional turnover diverged from price during the morning consolidation, hinting at structural inefficiencies. A breakout above 1.1645 or below 1.1620 would need to be accompanied by a rise in volume to confirm directional bias.

Fibonacci Retracements

Key Fibonacci levels from the 1.1620 low to the 1.1650 high suggest that the 61.8% level at 1.1637 and the 38.2% level at 1.1632 are critical. These levels appear to have acted as temporary pivot points, with the 61.8% level being tested multiple times during the day. A breakdown below 1.1620 could trigger a deeper correction toward the 1.1615 level.

Backtest Hypothesis

Based on the bearish engulfing pattern observed at 22:15 ET, a short trade could be triggered at the close of that candle. For an objective backtest, a risk/reward exit strategy would be most suitable in this context. A 1.5% stop-loss above the pattern’s high at 1.1645 and a 1.0% take-profit at 1.1625 would cap both potential gains and losses. Alternatively, a 3-bar holding period could be used to avoid being whipsawed in volatile consolidations.

To generate a robust backtest, we would apply the same criteria to historical bearish engulfing patterns on EURIUSDT from 2022–01–01 to 2025–10–27. This would help determine the average return per trade, win/loss ratio, and drawdowns under varying volatility and liquidity conditions.

Looking ahead, EURIUSDT appears to be entering a key decision point. A breakout above 1.1645 would signal a retesting of bullish momentum, while a breakdown below 1.1620 could open the door to further downside. Investors should remain cautious and monitor volume confirmation for either move, as divergence in notional turnover suggests the market is not fully aligned on direction.