EUR/USD has pulled back a quick 30-35 pips from the 1.3875 area in early New York trade after reaching fibo resistance and briefly overshooting downtrend resistance drawn from the 1.4160 highs.
US equities have given back most of their early gains, helping weigh on EUR/USD a bit as well. The S&P was up 7 points an hour ago and is up just 2 at the moment.
Moderate support is seen at 1.3825 near-term.
