EUR/USD may 1.3900

The prospect of a drop in EMU services PMI in January will not help EUR/USD, says Trader. Aside from the Greek debt situation, the bank says equity markets have also encouraged the euro to slip. However, if the S&P can stay above the 1070 lows seen earlier in the week and the EU manages to cap concern over fiscal policy, EUR/USD may find support at 1.3900, the bank says. EUR/USD is at 1.3974.