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EUR/USD outlook - Rejection at 5-DMa could prove to be costly

FX:EURUSD   Euro/U.S. Dollar
Resistance - 1.1419, 1.1464, 1.15

Support - 1.1368, 1.1340, 1.13

Euro's failure to take out daily 5-SMA amid bearish 5-SMA and 10-SMA crossover could end up in a break below daily low of 1.1368 followed by a drop to 1.1340 levels.

On the higher side, 1.1419 stands as a solid resistance. A violation there would expose 1.1464 levels.
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