EUR/USD is working its way lower, now in the mid 1.3880s as US yields firm after the ISM data. From overnight lows of 2.55%, US 10-yr notes have risen to 2.63%.
The buck is getting a boost across the board as traders expect the Fed to be somewhat less aggressive than prior to the data.
Modest support is at 1.3880 with small stops below that level. 1.3805/10 is next support if 1.3880 gives way.
