The EUR/USD could test 1.4270 in the near term and may head toward 1.4100 this week, depending on how data pans out, in particular China data, says HiFX senior trader Stuart Ive.

The pair is at 1.4333 versus 1.4350 late Friday in New York. He says the pair is weighed by ongoing worries about the Greek debt crisis but "fears about global growth have edged into the market," he says.

Key this week will be a raft of China data, including CPI and PPI, industrial output and retail sales.

Ive says resistance is around 1.4430.