The service sector ISM figure came in firmer than expected at 47.0 versus expectatiosn of a rise to 46.0. This is helping gove the reflation trade a breather after it was pounded overnight. EUR/USD is testing resistance at 1.3936, the 50% retracement of the drop from 1.3998. 1.3969 is the 61.8% retracement of the same drop.