Will the streak be broken today?
The EURUSD has closed lowerfor 10 straight days. Friday, the pair closed at 1.0587. We are trading at 1.0622ish now. So far, it looks as if, we stand a good chance that the 10 day streak will come to an end. Looking at the daily chart below, the low from last week (Friday), came in just above the cluster of swing lows from Nov/Dec 2015 at 1.0550-64 (the low reached 1.05685). When we could not take out that low today, and moved above the close from Friday (at 1.0587), the sellers turned to buyers.