EUR-USD has settled back below 1.1000 after leaving a post-U.S. payrolls high at 1.1035 on Friday, which is nearly three big figures up on levels seen before the release of the jobs reports. The market has now lost clear direction. Expectations that the Fed might delay its tightening to September, if not 2016, has left the dollar somewhat rudderless for now. The euro, meanwhile, should remain better supported (for now) by Greece’s promise not to default on the upcoming IMF repayment, though the risk of Grexit continues to loom as negotiations with creditors drag on.