The EUR/USD is under pressure as there is still no resolution from Greece and its private debt holders about the debt write down, says ANZ Senior Trader Alex Sinton in Auckland, New Zealand: "While the IIF's Dallara is reasonably optimistic there still has been no solution."

The pair is at 1.2882. Sinton says the Greek talks will remain a focus for the market while the FOMC minutes released later in the week is the main event on the calendar.

He puts short term support at 1.2783 with resistance at 1.2975.