EUR/USD steady at lower levels; buy orders, stops noted

EUR/USD having been knocked back below 1.4100, in the wake of the much weaker than expected French output data release, is trading steadily at lower levels, presently at 1.4085.

S&P futures are now up 10 points and this will be lending EUR/USD some decent underpinning, at least for now. Sources report buy orders lined up at various levels from 1.4050 down through 1.4000, with lumpy sell stops gathering just below 1.4000.