EUR/USD at 1.3950 is seeing relatively steady trading early. French consumer confidence for May came in at -40, up from an unrevised -41 in April, and exactly in line with the median forecast.

French business morale for May rose to 72, up from an unrevised 71 in April, but slightly below median forecast of 73.

Sources report China lying in wait, looking to sell above 1.4000.

Technical support 1.3925/30 and 1.3910, resistance 1.4000.