EUR/USD fell t0 1.0550 early Asia after closing Friday 0.34% at 1.0586 nL1N3BC22E

Early selling due to uncertainty following Hamas attack in Israel nL1N3BE013

EUR/JPY selling weighed as the cross fell nearly 0.50% at one stage

Markets settled and EUR/USD recovered to 1.0560/70 for most of morning

Investors cautious due to fears turmoil may spiral and spread

EUR/USD support is at the 10-day MA at 1.0535 with bids tipped at 1.0550

Resistance is at the 21-day MA at 1.0610 - after it capped at 1.0600 Friday

Key will be reaction in Europe and US to the geopolitical uncertainty

Asian market was thin due to the Tokyo holiday