EUR/USD is giving some ground in early New York trade. The market was only too happy to add to longs overnight after concluding the G20 communique was toothless. With the market overwhelming long already, this is prompting a touch of indigestion, prompting the present pullback.

Small bids are eyed through the 1.4000 area while support from the broken resistance line drawn off the 1.4160 top now a support on pullbacks to the 1.3990 level. More profit-taking could be seen if that level is lost.

10-25 eur