The EUR/USD pair is making an effort to bounce back from weekly lows of 1.1445, currently trading at 1.1475. This slight recovery occurs in a climate where risk appetite is dampened. The fears surrounding the escalation of the Israel-Iran conflict contribute to this sentiment, leading investors to favor safe-haven assets like the US Dollar over the Euro. Market players are keeping a close watch on how the situation unfolds in the geopolitical landscape.