Investing.com - The euro traded steady to lower against the dollar on Monday as investors remained on the sidelines digesting events unfolding in Ukraine and in Gaza.
In U.S. trading, EUR/USD was down 0.04% at 1.3521, up from a session low of 1.3513 and off a high of 1.3549.
The pair was likely to find support at 1.3491, Friday's low, and resistance at 1.3640, the high from July 14.
Concerns that tensions in Ukraine could boil even further kept investors camped out in safe-haven dollar positions, especially amid reports that Ukrainian troops were moving in to the rebel-held city of Donetsk only days after pro-Russian separatists allegedly shot down a Malaysian Airline flight with a missile.
Meanwhile in the Middle East, Israel pressed on with its ground offensive in Gaza in a conflict that has killed hundreds.
Earlier Monday, U.S. President Barack Obama said he was concerned about the violence and called for a ceasefire in Gaza and accused pro-Russian separatists of tampering with evidence pointing to the cause for the Malaysian Airlines crash, adding that the burden lies on Russia to disclose evidence.
The euro, meanwhile, continued to soften over ongoing market sentiments that the European Central Bank has room to loosen policy while the Federal Reserve will continue to wind down stimulus tools this year and hike interest rates in 2015, possibly sooner than once anticipated if the labor market continues to improve.
Elsewhere, the euro was up against the pound, with EUR/GBP up 0.11% at 0.7924, and down against the yen, with EUR/JPY down 0.04% at 137.02.
On Tuesday, the U.S. is to release reports on consumer price inflation and existing home sales.