The deal on Greece put together during the latter stages of Friday gave the single currency a lift into the weekend; EURUSD moving up above the 1.14 level. That has struggled to be sustained though, as there are still doubts regarding the measures that Greece will commit to in order to secure the funding. They are due to put these to the Eurogroup today and if they are not accepted, then another meeting of finance ministers will take place tomorrow. On the face of it, Greece appears to have gained little from the negotiations, with some superficial renaming of the troika and the banning of some other words. It has some flexibility on budget targets and can more define itself where savings are going to come from, rather than these being imposed. But these seem to be modest in comparison to their initial stance and there are already signs of splits within Syriza in the wake of this. The euro is likely to remain on the defensive for the early part of the week until there are solid signs that this deal has been signed, sealed and delivered. Beyond Greece, the primary focus for this week will be the testimony from Fed Chair Yellen tomorrow in front of the Senate Banking Committee in Washington. There is likely to be a strong focus on the timing of any likely increase in Fed rates this year. Whilst her predecessor was the architect of forward guidance, Yellen has struggled to guide markets to the same degree, coming unstuck nearly a year ago in being too specific and also having changed the Fed statement language last year to something seen as equally vague. It seems as they are damned if they do and damned if they don’t. The dollar has struggled this month, but after seven consecutive monthly gains, this should not be that much of a surprise and the run of data releases suggest that more downward pressure could be seen. Elsewhere, USDJPY is back above the 119.00 level, with sterling looking a little tired below the 1.54 level on cable. Further reading: EUR/USD loses 1.13 as some Greek proposals reported German IFO Business Climate disappoints – EUR/USD extends slide FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next USDCHF: Loses Upside Momentum, Risk Turns Lower Guest 8 years The deal on Greece put together during the latter stages of Friday gave the single currency a lift into the weekend; EURUSD moving up above the 1.14 level. That has struggled to be sustained though, as there are still doubts regarding the measures that Greece will commit to in order to secure the funding. They are due to put these to the Eurogroup today and if they are not accepted, then another meeting of finance ministers will take place tomorrow. On the face of it, Greece appears to have gained little from the negotiations, with some superficial renaming of the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.