EURIUSDT Market Overview for 2025-09-16

• EURIUSDT rose to a 24-hour high of 1.184 with a bullish 1.1806 close, showing strong upward momentum.
• Price broke above key resistance levels during the afternoon, supported by a surge in volume.
• RSI reached overbought territory, suggesting potential near-term consolidation or pullback.
• Bollinger Bands expanded significantly as volatility increased midday, with prices near the upper band.
• Turnover spiked during the 14:00–16:00 ET window, confirming the strength of the recent move.

Eurite/Tether (EURIUSDT) opened at 1.1756 on 2025-09-15 at 12:00 ET and closed at 1.1806 on 2025-09-16 at 12:00 ET. The pair reached a high of 1.184 and a low of 1.1749, with total volume of 708,935.5 and turnover of 818,474.2 over the 24-hour window.

Structure & Formations

The 15-minute chart displayed a strong bullish bias, with a key breakout above the 1.180–1.181 resistance cluster. A bullish engulfing pattern formed around 09:30–10:00 ET, followed by a confirmed breakout candle at 1.1805 (10:45–11:00 ET). A 1.1795–1.1805 consolidation zone acted as a support-turned-resistance. The price showed a rejection at 1.1749–1.1755 before a strong rally started at midday.

Moving Averages

On the 15-minute chart, the 20-period MA rose to intersect the price at 1.178–1.179, while the 50-period MA was slightly below the 1.176–1.177 range. This suggests a short-term bullish crossover. On the daily chart, the 50-period MA at 1.1778 and the 200-period MA at 1.1752 indicate that EURIUSDT is trading above both, reinforcing a broader uptrend.

MACD & RSI

The 15-minute MACD turned positive and crossed above the signal line just before the 1.1805 breakout, suggesting growing bullish momentum. RSI moved into overbought territory (above 70) by 14:00 ET, indicating that a near-term pullback could occur. However, the sustained volume and lack of bearish divergence suggest the uptrend may continue beyond short-term overbought conditions.

Bollinger Bands

Bollinger Bands showed a significant expansion in the 10:00–14:00 ET window, as volatility increased with the bullish breakout. Price closed near the upper band, at 1.1806, signaling strength. A narrowing of bands in the morning (07:00–09:00 ET) indicated a period of consolidation before the breakout.

Volume & Turnover

Volume spiked during the 14:00–16:00 ET window, with the highest single candle volume reaching 132,681.9 at 14:00 ET. Turnover also saw a sharp increase during this period, aligning with the price breakout and confirming bullish momentum. There were no significant divergences between price and turnover in the 24-hour window.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 1.1749–1.184 swing, the 61.8% level sits at 1.1783 and the 78.6% at 1.1808—both were key support and resistance levels. On the daily chart, the 50% and 61.8% retracements of the broader uptrend are at 1.179 and 1.180, respectively, which the price has already approached.

Backtest Hypothesis

A potential backtesting strategy could involve a breakout-based approach, entering long on a close above the 1.180–1.181 resistance zone with a stop-loss below 1.179. Traders may use the 50-period MA as a filter to confirm trend strength and RSI as a signal for overbought conditions to time exits. A trailing stop could be placed at recent swing lows to lock in gains as the price consolidates above key levels. This method aligns with the observed breakout confirmation and sustained volume support.

Looking ahead, EURIUSDT may consolidate within the 1.180–1.184 range in the next 24 hours. Traders should watch for a potential pullback to the 1.179–1.178 level for further buying opportunities, but bearish divergence or a rejection below 1.178 could increase the risk of a short-term correction.