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Summary
• Price opened at 1.1648 and fell to 1.1520 with key support at 1.1550 and resistance near 1.1650.
• Volume spiked during the 00:00–01:00 ET session, confirming bearish momentum.
• RSI signaled oversold conditions, while the price remained within a contracting Bollinger Band.
• A bearish engulfing pattern formed near the 1.1640 level, suggesting potential reversal.
• Turnover increased by 32% during the overnight session, aligning with price weakness.
Anchored Coins AEUR/Tether (AEURUSDT) opened at 1.1648 at 12:00 ET–1, reached a high of 1.1683, touched a low of 1.1520, and closed at 1.1520 by 12:00 ET. Total volume for the 24-hour period was 222,038.8 with turnover amounting to $256,442.15.
Price Structure and Candlestick Patterns
The 24-hour period featured a bearish consolidation with support identified at 1.1550 and resistance near 1.1650. A bearish engulfing pattern emerged around the 1.1640 level, suggesting a potential short-term reversal after a strong bullish impulse failed to hold. A long lower shadow near the 1.1520 low reflects a test of near-term support with no immediate breakdown.
Technical Indicators
RSI reached oversold territory below 30 in the late ET session, hinting at possible short-covering or a rebound. MACD crossed below the signal line during the overnight session, confirming bearish momentum. Bollinger Bands were in a period of contraction, signaling a lull in volatility ahead of a potential breakout.
Volume and Turnover Dynamics
Volume spiked during the 00:00–01:00 ET period, with over 13,000 units traded, coinciding with the sharp decline from 1.1612 to 1.1564. Turnover increased by ~32% in the same timeframe, reinforcing the bearish sentiment. Price and turnover aligned during the key breakdown, suggesting conviction in the lower move.

Fibonacci Retracements
On the 5-minute chart, the move from 1.1683 to 1.1520 saw price retest the 61.8% level at 1.1589 before consolidating. On the daily chart, the 38.2% and 61.8% levels are at 1.1608 and 1.1563 respectively, marking key psychological levels for near-term support.
The market may remain in a tight range in the next 24 hours if key Fibonacci and Bollinger Band levels hold, but traders should watch for a potential break of 1.1520 or a retest of the 1.1640–1.1650 zone. As always, a sudden volume spike or divergence between price and indicators could upend expectations.
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