EUR/USD looking to regain high ground towards 1.06 after knocking back on Gaza-fueled risk aversion

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• 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.