EUR/USD is dusting itself off after a good deal of profit-taking following the ISM data. The strong manufacturing report clouds the outlook for the Fed on Wednesday and may prompt a good deal of caution from the FOMC members who are on the fence.

We will still get QE, how much and for how long is the question.

Overnight lows at the 1.3895/00 area should now act as resistance as we rebound in early afternoon trade.