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EUR/USD – Eyes 200-DMA support

FX:EURUSD   Euro Fx/U.S. Dollar
Despite Euro’s pullback from three-week low of 1.1123 on Wednesday, the subsequent rejection at 5-DMA in Asian session amid re-entry in the falling channel last Friday and bearish 5-DMA and 10-DMA crossover suggests the currency could drop to 1.1118 (200-DMA), breach of which would bring much stronger drop to 1.1046 (Aug 5 low).

On the higher side, only day end close above 1.1182 (channel resistance) would signal bearish invalidation.
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