Weak Asian stocks have weighed on EUR/USD, but only marginally so. EUR/USD down at 1.2305 from North American close Monday up around 1.2320.

Not a whole lot of euro zone economic data today:

08:00 GMT: German Ifo for June: business climate expected 101.2 from 101.5; current assessment expected 99.8 from 99.4; expectations 102.7 from 103.7

08:00 GMT: Euro zone c/a for April

14:00 GMT: Euro zone consumer confidence index for June expected -19 from -18

European stocks expected to open lower this morning.

Talk of stops through 1.2260 and 1.2240. Decent bids 1.2150/60. On topside sell orders 1.2360/70, stops just above.