EUR/USD sits at 1.4035, busy going nowhere.

Sources report 1.4000 option expiry today, which is thought to be for good size and likely to be defended.

Sell stops are said to be gathered down in the 1.3980/90 area, with Asian sovereign buy interest said to be lined up down at 1.3950/60 area.

On the top-side, sell orders seen up at 1.4080, with buy-stops just above there. More sell orders seen at 1.4100.