Every sunken ship has a chart room…

By: Jamie Coleman

EUR/USD closed near its highs in New York yesterday, having done some technical damage on its rally through the 61.8% retracement of its drop from 1.3862.It's been all down hill since then...slowly at first, and faster during the European morning. Traders noted mixed business from central banks today instead of yesterday's one sided action. Sovereign sellers of EUR/USD and AUD/USD were seen this morning, spoiling sentiment pretty quickly.We've pulled back below 1.3600 by a pip or two ahead of US jobless claims. With the dollar a good bit stronger already, don't expect a great deal of additional dollar strength if the data is upbeat.