After all the conjecture Friday about exactly where the stops were hiding in EUR/USD the euro bulls finally found them and EUR/USD has been as high as 1.2207 during the Asian session. Pairing sits presently at 1.2173.
Asian stocks performed well and European stocks now look set to open firmer too.
Very little on the euro zone economic data front:
08:00 GMT: Italian labour costs Q1
09:00 GMT: Euro zone industrial production for April expected +0.5% m/m, +8.7% y/y
Probably trailing sell stops not far below 1.2150 now.