EURUSD - Weekly close below 1.0770 a concern?

Watching $EURUSD this week. The close below 1.0770 on the weekly chart, breaking a short-term support trendline from late April, has my attention. Volume wasn't particularly elevated on the move, but the break is clear. We're now testing the 200-day EMA. \n\nBulls will want to see a swift reclaim of 1.0770 next week, or at least a strong bounce off the 200-day. A sustained move below the 200-day EMA could open up a retest of 1.0600. Bearish scenario would be a failed retest of 1.0770 from below, followed by further downside. \n\nAny thoughts on the significance of this weekly close from others tracking $EURUSD?