Market Overview for Eurite/Tether (EURIUSDT): 24-Hour Analysis as of 2025-10-12 12:00 ET

• EURIUSDT rose from 1.1405 to 1.1485 in 24 hours, forming a bullish trend with consolidation near 1.1462.
• Momentum shifted mid-day with RSI peaking near 60, suggesting moderate overbought conditions without divergence.
• Volatility expanded during the overnight rally, with volume surging in the 03:00–06:00 ET window.
• Bollinger Bands widened significantly during the breakout phase, confirming increased directional bias.
• Fibonacci retracement levels at 1.1473 and 1.1466 were tested and held, reinforcing short-term structure.

The 24-hour period for Eurite/Tether (EURIUSDT) saw the pair trade from an open of 1.1405 (at 12:00 ET-1) to a high of 1.1485 and a low of 1.1401, closing at 1.1461 (as of 12:00 ET). Total trading volume reached 454,358.9 units, while notional turnover (volume × price) averaged around $516,163, suggesting moderate liquidity and active short-term participation.

Structure and price action showed a clear directional shift overnight and into the morning session, with a key breakout forming above 1.1466 and consolidating near 1.1462. A bearish pinocchio candle on the 05:45 candle hinted at short-term profit-taking, but the formation of higher highs and higher lows since 03:00 ET suggests an ongoing bullish trend. Support at 1.1453 and 1.1441 appeared reinforced, while resistance at 1.1473 and 1.1485 was tested, with the latter showing a moderate rejection.

Moving averages on the 15-minute chart indicated a bullish bias as the 20-period MA crossed above the 50-period MA, supporting the recent upward momentum. On a broader scale, the 50-period daily MA is approaching the 1.1460 level, aligning with the current consolidation phase and suggesting that a test of the 1.1485–1.1508 range may offer the next directional signal for the pair.

The RSI reached a peak of 59.6 on the 05:15 candle, reflecting moderate overbought conditions but not extreme levels. MACD crossed into positive territory during the 03:00–04:30 ET window, reinforcing the bullish divergence. Bollinger Bands expanded during the morning rally, indicating increased volatility, with price closing near the middle band and within the upper band range. This suggests a continuation of the upward trend but with caution around overextension.

The Fibonacci retracement levels applied to the recent 15-minute swing (1.1401 to 1.1485) show a 38.2% level at 1.1458 and a 61.8% level at 1.1473, both of which are near current price action and serve as potential pivot points. On the daily chart, the 50-period MA is approaching the 1.1460 level, which overlaps with a 61.8% Fibonacci retracement from a longer-term bearish correction. A close above 1.1473 may invalidate the near-term consolidation and trigger a retest of the 1.1508 high.

Backtest Hypothesis

Given the current structure and technical indicators, a potential backtest strategy could involve a long entry at 1.1465 with a stop loss below 1.1453 and a target at 1.1475–1.1485. The 1.1465 entry aligns with the recent consolidation phase and is above the 61.8% Fibonacci retracement level, while the stop loss ensures risk control in the event of a breakdown. This strategy is supported by the bullish MACD, positive RSI, and the expanding Bollinger Bands indicating increased volatility in favor of the trend. A retest of the 1.1473–1.1485 zone could confirm the continuation of the upward bias, offering a high-probability trade setup with defined risk parameters.