Summary
• Price action remained tightly range-bound near 1.164, with consolidation suggesting indecision.
• Volume surged overnight, particularly around 08:15 ET, indicating renewed interest.
• RSI signaled potential overbought conditions, but momentum stalled, hinting at possible pullback.
• Bollinger Bands showed mild contraction, signaling possible volatility ahead.
• A bullish engulfing pattern formed near 07:00 ET, suggesting temporary buying pressure.
Eurite/Tether (EURIUSDT) opened at 1.164 on January 10, 2026, at 12:00 ET, reaching a high of 1.1642 and a low of 1.1633 before closing at 1.164 at 12:00 ET on January 11. Total volume reached 181,094.2, with turnover hitting $211,124.51 over the 24-hour window.
Structure & Formations
Price action remained tightly clustered around the 1.164 level throughout the session, with a key support at 1.1636 and a resistance at 1.1642. A bullish engulfing pattern formed near 07:00 ET, which could signal a short-term reversal or continuation, depending on the broader trend. A doji appeared around 03:30 ET, reinforcing indecision and a possible pause in directional momentum.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages were closely aligned near 1.164, reflecting a flat trend. No clear daily trend was evident on the 50/100/200-period moving averages, as
remained in a tight consolidation phase with no breakout above 1.1642 or breakdown below 1.1636.
MACD & RSI
MACD showed a weak positive divergence early in the session, but momentum quickly flattened. RSI pushed into overbought territory (above 70) around 08:00 ET, but failed to sustain, indicating weakening bullish pressure. This suggests traders are cautious and could trigger a pullback or sideways consolidation.
Bollinger Bands
Bollinger Bands showed mild contraction in the middle of the session, suggesting a potential pause in volatility. EURIUSDT traded within the bands for most of the day but approached the upper band briefly near 08:15 ET, hinting at a possible breakout attempt. However, price failed to close above the upper band, which may continue to act as resistance.
Volume & Turnover
Volume surged around 08:15 ET with a large candle showing high volume and turnover. This suggests institutional or large-cap investor participation. No significant divergence between price and volume was observed, indicating that volume generally confirmed price action. However, late-night volume dipped after the 04:45 ET consolidation period, suggesting reduced participation.
Fibonacci Retracements
Applying Fibonacci to the most recent 5-minute swing from 1.1633 to 1.1642, price found initial resistance at 38.2% (1.1637) and 61.8% (1.1640). The 1.1640 level appears to be a critical area for the next 24 hours, where a breakout could signal the start of a new trend or continuation of the current range.
EURIUSDT appears to be in a period of consolidation, with key support and resistance levels holding firm. A breakout above 1.1642 or breakdown below 1.1636 could signal a directional move. Investors should remain cautious, as volatility and momentum indicators suggest a potential turning point.
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