EUR/USD lined up for ECB speakers, IP and Q4 GDP - Scotiabank

Analysts at Scotiabank explained that EUR/USD is consolidating within a relatively tight range around the mid-1.22 area. 

Key Quotes:

"There have been no fundamental releases, and this week’s calendar appears relatively empty with euro-area industrial production and Q4 GDP (2nd) on Wednesday and a heavy ECB speaking calendar schedule for the latter half of the week."

"Risk reversals are currently pricing a premium for protection against EUR weakness out to three months."