Possible Straddle opportunity

I am going to consider doing a Straddle of some sort here (Eur/US.) One one hand, we have a very important ISM number coming out later, which could be Euro positive if it is better then expected, and on the other hand, we have a VERY overbought equities market, which could mean more strength in the Greenback.

So, as is want to happen a lot, my short term short has temporarily become more intermediate. Europe is on holiday Monday, so any big moves may not occur until Tuesday. The Straddle would depend on a big move either way, and does not work in a flat market (unless you are the one writing it.)