EUR/USD Trading Lower

EUR/USD is trading at 1.0599, down 0.020. The pair is trading rangebound. Market talk about European headline news and politics is making the rounds. Chatter about European economic data due out Tuesday is starting to show up. Germany's Bundesbank is scheduled to release German factory order data at 2:00 a.m. ET. Italy's National Institute of Statistics (ISTAT) is scheduled to release PPI (producer prices) data at 4:00 a.m. ET. Eurostat is scheduled to report Euro area gross domestic product (GDP) at 5:00 a.m. ET.