Market Overview for Eurite/Tether (EURIUSDT): 2025-09-22

• EURIUSDT declined by -2.3% over the last 24 hours, opening at 1.1734 and closing at 1.1757.
• Price found support near 1.1715 before rebounding through 1.173 and consolidating above 1.175.
• Volatility increased late in the day, with a large candle forming near 1.1764–1.1769, signaling renewed interest.
• RSI and MACD suggest waning bearish momentum and potential for a short-term correction.
• Volume surged in the 6:00–9:00 ET window, confirming the bullish breakout and signaling possible follow-through.

The EURIUSDT pair opened at 1.1734 at 12:00 ET - 1 on September 21, 2025, and closed at 1.1757 at 12:00 ET on September 22, 2025, hitting a high of 1.1769 and a low of 1.1709. The total volume traded during the 24-hour window was 746,666.9 EURI, with a turnover of approximately $873,035. The price exhibited a volatile swing, with a significant rally in the late hours of the session.

Structure & Formations

EURIUSDT formed a bullish engulfing pattern after hitting a 24-hour low at 1.1709, indicating a potential reversal. The price then consolidated around the 1.173–1.175 zone before breaking out above 1.175 in the morning hours. A key support level appears to have been 1.1715–1.1718, with multiple candles finding support within this range. Resistance is forming around 1.1762–1.1769, where volume and price action suggest a possible consolidation or retest before further movement.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA in the late hours of the session, forming a bullish “golden cross.” This suggests short-term buyers are gaining momentum. On the daily chart, the 50-period MA sits above the 100- and 200-period MAs, indicating a longer-term bullish bias. The price has been trading above the 200-day MA, reinforcing the idea of a longer-term bullish trend.

MACD & RSI

The MACD showed a bullish crossover around 07:00–09:00 ET, accompanied by rising histogram bars, indicating increasing bullish momentum. The RSI moved from oversold territory (below 30) early in the session to a neutral range (45–55), suggesting a potential short-term correction or consolidation. However, the RSI did not show overbought levels, suggesting there may still be room for upward movement before bearish forces re-enter.

Bollinger Bands

Price action remained within a wide Bollinger Band throughout the session, with volatility expanding after the 1.1709 low. The price closed just below the upper band on the last 15-minute candle of the session, indicating strong bullish momentum. A contraction in the band width occurred between 05:00 and 07:00 ET, suggesting a potential breakout or breakdown scenario was pending—ultimately leading to a breakout as price surged above 1.176.

Volume & Turnover

Volume spiked significantly during the 6:00–9:00 ET period, confirming the bullish breakout and indicating strong institutional or algorithmic buying. Notional turnover during this period increased nearly fourfold compared to the prior hours, reinforcing the idea of a well-backed move higher. Price and volume showed strong alignment, with no significant divergence, suggesting the move is likely to continue in the near term.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 1.1709–1.1769 swing shows that the 61.8% level (around 1.1746) was tested but not held, and the price pushed beyond that into the 78.6% extension zone. On the daily chart, the recent high of 1.1769 aligns with the 61.8% retracement of the previous bearish move from 1.1800 to 1.1700, suggesting a possible retest of that level or continuation higher.

Backtest Hypothesis

Given the presence of a bullish engulfing pattern, the 20/50 MA crossover, and strong volume confirmation, a potential backtesting strategy could involve entering a long position upon a close above the 1.175 level with a stop-loss placed just below the 1.1718 support level. A profit target could be set at the 61.8% Fibonacci extension at approximately 1.1785, where a possible consolidation or reversal may occur. This approach combines candlestick confirmation, moving average signals, and Fibonacci targets to generate a high-probability setup.