The week is starting out with some relief that geopolitical risks have not escalated further. It is like trying to pick up the pieces after a hurricane or tsunami hits your town.
This leaves EURUSD consolidating where 1.0650 seems to be pivotal with no key nearby resistance.
Risk is still pointed down but would need to take out 1.0622 to build further momentum.
Given the one-way move down, use FIBO levels to give some order to the price action using our