EUR/USD sits at 1.3925, effectively unchanged from where North America closed out Monday. Market seems to be consolidating recent losses in the pairing, with 1.3850-1.3940 having confined price action of late.

Outside that 1.3800-1.4000 loom as interesting support/resistances. I should think there are pretty decent stops parked not far either side of said levels.

Euro zone data today is very thin on the ground:

07:00 GMT: German retail sales for December expected +0.9% m/m, -2.5% y/y

10:00 GMT: Euro zone PPI for December expected flat m/m, -3.0% y/y

European stocks expected to open lower.