EUR/USD tumbles to lows near 1.1180, Sentix eyed

A better tone in the greenback is now relegating EUR/USD to retreat to the lower end of the range near the 1.1185/80 band.

EUR/USD focus on risk trends, Sentix

The pair has left the area of recent highs in the 1.1200 neighbourhood following a pick up in the demand for the greenback after investors seem to have shrugged off Friday’s disappointing results from Non-farm Payrolls (156K).

Risk appetite trends seem to have woken up after market participants have perceived presidential candidate H.Clinton as the winner once again at yesterday’s debate vs. Republican candidate D.Trump.

On the data front, the Sentix Index is only due in Euroland later today, while markets will remain vigilant on the risk trends as the main drivers.

EUR/USD levels to watch

The pair is now losing 0.14% at 1.1185 and a break below 1.1172 (200-day sma) would open the door to 1.1080 (2014-2016 support line) and finally 1.1043 (low Aug.5). On the other hand, the next up barrier is located at 1.1205 (20-day sma) followed by 1.1279 (resistance line off 2016 high) and finally 1.1279 (high Sep.26).