AEURUSDT Market Overview for 2025-11-08

Summary
• Price action showed a volatile 24-hour range between 1.1851 and 1.2019.
• Volume spiked near key resistance levels, suggesting increased participation.
• RSI and MACD indicated mixed momentum with no clear overbought or oversold signals.
• Bollinger Bands showed moderate volatility, with price closing near the midline.
• On-balance volume aligned with price, reinforcing the strength of key levels.

Anchored Coins AEUR/Tether’s AEURUSDT pair opened at 1.1921 on 2025-11-07 at 12:00 ET and closed at 1.1969 on 2025-11-08 at 12:00 ET, with a high of 1.2019 and low of 1.1851 during the 24-hour period. Total volume for the session was 16,046.8 units, with a turnover of 19,247.60 in notional value. The price action reflected a range-bound bias amid moderate volatility.

Structure & Formations

Price oscillated between 1.1921 and 1.2019, with 1.2 acting as a key resistance level for much of the session. A bearish reversal attempt was observed near the high of 1.2019, but it failed to hold, indicating buyers remained active in the 1.1981–1.2 range. A bearish engulfing pattern briefly formed at the 22:00 ET candle, but price recovered shortly after. A potential support zone emerged near 1.1957–1.1969 after multiple bounces.

Moving Averages

The 15-minute chart showed price hovering above the 20SMA and below the 50SMA, with no clear bias. On the daily chart, the 50DMA and 200DMA were closely aligned, indicating a potential consolidation phase. The price closed slightly above the 100DMA, suggesting short-term buyers may still be in control.

MACD & RSI

The 15-minute MACD showed a mixed signal, with a weak bullish crossover at the 05:00 ET candle followed by a bearish divergence. RSI oscillated between 50 and 65, suggesting a moderate uptrend in momentum but without reaching overbought territory. A bearish RSI divergence appeared near the 07:00–08:00 ET candles, signaling potential exhaustion in the upward thrust.

Bollinger Bands

Volatility was moderate, with Bollinger Bands expanding between 22:00 ET and 03:00 ET. Price remained within the bands for most of the session but brushed the upper band at 1.2019. A contraction occurred between 04:00 and 07:00 ET, hinting at a potential breakout, but it remained unconfirmed.

Volume & Turnover

Volume spiked to 2,305.2 units at the 00:00 ET candle near the high of 1.2019 and again to 1,859.4 units at 16:00 ET, coinciding with significant price swings. The 16:00 ET candle showed a strong bearish reversal pattern but failed to hold. Turnover mirrored the volume pattern, indicating heightened interest at key resistance and support levels. A divergence in volume appeared at 14:00–15:00 ET, where price dropped but volume remained subdued.

Fibonacci Retracements

Key retracement levels for the 1.1851–1.2019 swing included 61.8% at 1.1957 and 38.2% at 1.1993, both of which coincided with price consolidation and minor bounces. On the daily chart, retracement levels from the recent 1.19–1.2019 swing showed 61.8% at 1.1981, which became a temporary support.

Backtest Hypothesis

The technical setup suggests that a Bearish Engulfing pattern would be a useful short-term indicator for AEURUSDT. Given the recent volatility and mixed momentum signals, identifying these patterns on daily and hourly charts could offer actionable trade triggers. To proceed with a backtest, confirmation is required for the AEURUSDT ticker's availability in the target data source or an alternative EUR-stablecoin pair if needed. Once confirmed, a 1-day short-side strategy using the Bearish Engulfing signal could be backtested from 2022-01-01 to 2025-11-08 to evaluate its performance.