- Despite rally stalling pair is consolidating close to the highs
- An elevated consolidation is underway despite fact traders sitting long
- Will to book profits remains slight and dips shallow
- Dip from Friday's 1.1384 peak is just 1% after a 5.6% rise in 16 days
- Monday's low 1.1269 (EBS). Fibo projections @ 1.1390, 1.1465 and 1.1525
- Currently risk aversion is rising, stemming from China, Korea, and HK
- Closer U.S. involvement should shed the euro in a safer light
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