Investing.com - The euro edged lower against the U.S. dollar on Monday, as investors continued to focus on developments in Greece and ahead of a report on Germany's business climate, due later in the day.
EUR/USD hit 1.1359 during late Asian trade, the session low; the pair subsequently consolidated at 1.1357, slipping 0.22%.
The pair was likely to find support at 1.1277, Friday's low and resistance at 1.1449, the high of February 19.
The single currency strengthened on Friday after the euro zone approved the extension of Greece’s €240 billion bailout, removing concerns that the country would face a liquidity crunch when its current bailout agreement expired at the end of the month.
Markets have been hit by growing concerns over a possible Greek exit from the euro area if the country missed a debt payment.
Athens has until later Monday to present a list of reforms to be approved by the country’s creditors in order to secure the four-month bailout extension, which will give it more time to reach a lasting agreement with its creditors.
The euro was steady against the pound, with EUR/GBP at 0.7387.
Later in the day, the U.S. was to publish a report on existing home sales.