EUR/USD Rebounds But Geopolitical Tensions in Focus

EUR/USD rebounds after weakness late last week, but geopolitical tensions remain a concern.

Israel's potential invasion of Gaza could weigh on riskier currencies like the euro.

From a technical perspective, EUR/USD is trading in a descending channel with resistance around 1.0610-1.0635.

Support is seen from 1.0500 to 1.0465, with a breach below 1.0465 potentially sparking further declines.

Retail positioning and sentiment are important to watch to gauge the euro's near-term direction.