Eurogroup talks get underway: EUR/USD steady

The euro was steady just above a two-month low against the U.S. dollar on Monday, as euro zone finance ministers began talks in Brussels on whether to release Greece's next tranche of bailout aid.

EUR/USD hit 1.2739 during U.S. morning trade, the session high; the pair subsequently consolidated at 1.2719, inching up 0.07%.

The pair was likely to find near-term support at 1.2689, Friday's low and a two-month low and resistance at 1.2789, Friday's high.

The euro found support after Greece's government approved a budget of spending cuts and tax increases for 2013 late Sunday, just days after the parliament passed a EUR13.5 billion austerity package required to secure the country's next installment of financial aid.