Dealers expect options to be defended ahead of the 1.4000 level which should provide some push-back against EUR bears. Expiries at 1.4o50 may slow the slide for a time as well.
Sellers are eyed on rallies toward 1.4100/20 near-term in EUR/USD; very good sales are seen toward 1.4200 if things get particularly volatile.
Stops below 1.4000 and 1.3970; it goes without saying.
