A plunge lower as we have been anticipating over the past 1-2 weeks after another failure ahead of the firm 1.1445/50/51 resistance area.
The bearish resolution through support at 1.1279/70 and 1.1224 points to a bearish trend continuation.
Short-term - Downside Risks:
- For early March we now see risk back to the 1.1098 low.
- Into the month we aim still for the psychological and option target at 1.1000.
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4 Hour EURUSD Chart