Some ugly headlines again today for the euro but Mr. Market is in reflation-mode, dismissing yesterday’s slide as month-end nonesense. We trade now at 1.4115 despite soft US employment data which would typically retrain the reflation trade. 1.4148/52 is solid resistance on rebounds. We have a shot at those levels if ISM shows improvement in June. 44.5 is expected, up from 42.8 in May.