EUR/USD US session outlook - weakness below 1.1378

FX:EURUSD   Euro / U.S. Dollar
Hourly Chart - Falling trend line intact, bearish 50-SMA & 200-SMA crossover

Pair’s bearish 50-SMA and 200-SMA crossover coupled with falling trend line and failure to sustain above daily 10-SMA of 1.1410 could result in a break below support at 1.1378 and a drop to 1.1344-1.1340 levels.

On the higher side, a clear break above 1.1433 (hourly 200-MA) is needed for bearish invalidation.
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