EUR/USD remains in red around 1.1180

The single currency keeps the bearish note in tact at the beginning of the week, taking EUR/USD to the 1.1180/70 band.

EUR/USD muted post-data

The pair kept the composure despite the Sentix index - which tracks the Investor Confidence in Euroland - has surprised markets to the upside on Monday, rising to 8.5 for the month of October vs. 6.3 estimated and September’s 5.6.

In the meantime, the buying interest around the greenback remains installed among traders today, which seem to have already digested Friday’s lower-than-expected Non-farm Payrolls. It is worth mentioning that the US economy has added 156K jobs during last month vs. more than 170K initially forecasted.

Furthermore, speculators have increased their EUR longs to the highest level in the last 5 weeks, while net shorts have ticked to 2-week tops during the week ended on October 4 and according to the latest CFTC report.

EUR/USD levels to watch

The pair is now losing 0.24% at 1.1174 and a break below 1.1101 (low Oct.7) 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).