EUR/USD has not budged from its NY close in the last two and half hours with Asia set to get off to another tentative start. Last night EUR/USD ran into heavy selling interest above 1.40 making it to 1.4003 before pulling back ever so slightly. Dealers say there is layer upon layer of sell orders on the topside, many of these option related, so don’t look for a topside breakout in this time zone.