EURIUSDT Market Overview: 2025-10-04

• Price rose from 1.1739 to 1.1782 before consolidating into 1.1757.
• Volume surged at 19:45 ET with a bearish reversal candle.
• RSI hovered near 50 while MACD remained neutral, indicating mixed momentum.
• Bollinger Bands narrowed overnight, signaling possible consolidation or breakout.
• Turnover increased sharply in late-night and morning hours, suggesting renewed interest.

Eurite/Tether (EURIUSDT) opened at 1.1739 on 2025-10-03 at 12:00 ET and closed at 1.1757 by 12:00 ET on 2025-10-04. The price reached a high of 1.1782 and a low of 1.1739 over the 24-hour period. Total volume was 1,045,881.8, with a notional turnover of $1,223,772.14.

Structure & Formations

Price formation on the 15-minute chart shows a bullish reversal pattern forming just after the 18:30 ET candle, where EURIUSDT peaked at 1.1782 before encountering resistance and retreating. A notable bearish reversal candle emerged at 19:45 ET, indicating potential exhaustion of the rally. Later, a series of small-range candles between 20:00 and 06:00 ET showed consolidation. A key support level appears around 1.1745–1.1750, with a potential resistance at 1.1765–1.1770.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed near 1.1750, suggesting a possible neutral to bullish bias. On the daily chart, the 50-period MA is above the 100 and 200-period MAs, but the price remains below the 200-period MA, signaling a mixed short-to-medium-term outlook. A potential bullish crossover may form if price holds above 1.1752.

MACD & RSI

The MACD line was neutral throughout most of the session, with a bearish divergence appearing in the final candle of the 24-hour period. RSI hovered around 50 throughout, suggesting balanced bullish and bearish momentum, although a brief overbought reading at 1.1782 indicates short-term pressure. A drop below 50 on RSI could suggest bearish continuation, while a rebound above 50 may indicate renewed buying interest.

Backtest Hypothesis

The backtesting strategy described involves using a combination of 20-period EMA for trend identification and RSI divergence to time entries. Based on today's data, a long entry at the 1.1750 support level with a stop below 1.1745 and a target at 1.1765–1.1770 could have yielded a successful trade. The bearish divergence in the final candle may suggest a short opportunity at 1.1757, but confirmation is needed.

Bollinger Bands

Volatility was relatively compressed overnight, with the bands narrowing below 0.00085, indicating a potential breakout or continuation. The price remained within the upper and lower bands but leaned closer to the midline, suggesting a lack of strong directional bias. A break above the upper band could target 1.1768–1.1775, while a break below the lower band could lead to a test of 1.1742.

Volume & Turnover

Volume spiked in the late-night session at 19:45 ET and again in the morning, from 09:00 to 11:00 ET. These spikes coincided with price reversals, suggesting institutional or algorithmic participation. Turnover increased in line with volume, indicating strong conviction in both the bearish and bullish moves. A divergence between price and volume in the final hour could suggest weakening momentum.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute move from 1.1745 to 1.1782, the 38.2% and 61.8% retracement levels fall around 1.1763 and 1.1756, respectively. The price tested the 61.8% level in the final hours, suggesting a potential support cluster. A break below 1.1756 could trigger a retest of 1.1745, while a move above 1.1763 may signal the resumption of bullish momentum.

Looking ahead, EURIUSDT may remain range-bound within 1.1745–1.1770 for the next 24 hours, pending a decisive break above 1.1765 or below 1.1745. Traders should remain cautious about potential volatility from upcoming macroeconomic data and watch for confirmation on key moving average crossovers.