• The EUR/USD started Monday with a dip to 1.0519 before edging back.
• The Euro still remains down against the US Dollar for Monday, but losses are paring back.
• Market sentiment is rebalancing after getting knocked off-kilter by geopolitical escalations in the Gaza Strip.

The EUR/USD is testing upwards into 1.0570 after slipping down into 1.0520 to kick off the trading week. Market sentiment soured following a Hamas rocket attack in the Gaza Strip that killed over 700 people and spurred the Israeli government to mobilize an additional 100,000 troops into the region.

Concerned that nearby Iran and Saudi Arabia could get pulled into the escalating Gaza conflict, markets went risk-off in early Monday trading, but investor sentiment appears to have recovered and the Euro is easing back towards the day's opening bids.

Euro investors will be looking ahead to an upcoming speech from European Central Bank (ECB) President Christine Lagarde on Tuesday, who will be delivering talking points during the International Monetary Fund's (IMF) annual meeting currently underway in Morocco.

Forex Today: Safe-haven flows dominate as geopolitical tensions escalate on Israel-Hamas conflict

Wednesday sees US Producer Price Index (PPI) figures, with the annualized period into September forecast to increase from 2.2% to 2.%. Wednesday will also see the Federal Reserve's (Fed) latest meeting minutes getting published at 18:00 GMT.

In the late week will be a collection of speeches from ECB officials followed by the ECB's own published meeting minutes, followed by the US Consumer Price Index (CPI) printing, which is expected to decline slightly from 4.3% to 4.1% over the annualized period into September.

To close out the trading week will be the Michigan Consumer Sentiment Index for October, which is seen declining, albeit slightly, from 68.1 to 67.4