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Summary
• Price declined from 1.1637 to 1.1622, forming a bearish engulfing pattern near 1.1631–1.1627.
• RSI signaled oversold conditions at 30.2, suggesting potential for short-term rebound.
• Volatility expanded briefly in the morning before consolidating near 1.1626.
Eurite/Tether (EURIUSDT) opened at 1.1637 on 2025-12-09 at 12:00 ET, reached a high of 1.1655, and closed at 1.1622 on 2025-12-10 at 12:00 ET. The pair traded within a range of 1.1621 to 1.1655. Total volume was 486,748.5, with a turnover of approximately $564,389.
Structure & Formations
EURIUSDT formed a bearish engulfing pattern near 1.1631–1.1627 and a doji at 1.1626, indicating indecision. Key support levels appear to be forming at 1.1621–1.1625, with resistance near 1.1632–1.1637 based on recurring 5-minute highs and rejections.
Moving Averages and Trend Direction
The 5-minute chart shows the price trading below both the 20-period (1.1633) and 50-period (1.1634) moving averages. On the daily chart, EURIUSDT is below the 50, 100, and 200-period MAs, reinforcing a bearish bias.
Momentum and Relative Strength
RSI bottomed near 30.2 in the early hours, suggesting oversold conditions. MACD crossed into negative territory and showed bearish divergence, signaling continued downward momentum unless buyers intervene.
Volatility and Bollinger Bands
Volatility expanded briefly around 08:00–09:00 ET, with price reaching 1.1644–1.1655. It then consolidated near the lower Bollinger Band at 1.1625–1.1627, indicating short-term pressure.
Volume and Turnover Analysis
Volume spiked during the 08:00–09:00 ET rally to $564,389, but price failed to hold above 1.1642, indicating weak conviction. Turnover and price action aligned in the morning but diverged in the afternoon as volume declined.
Fibonacci Retracements
Key Fibonacci levels from the 08:00–09:00 ET swing (1.1632–1.1655) include 1.1646 (38.2%) and 1.1640 (61.8%). The price tested both levels before retreating, indicating resistance above 1.1640 could be difficult to overcome.
EURIUSDT may test 1.1621–1.1625 as a potential support zone before facing renewed buying interest. Traders should remain cautious, as the bearish momentum is strong and price appears to lack conviction above 1.1632.
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