EURUSD daily chart.
This is a fairly strong drop in terms of the daily chart.
This fall is visible on the weekly chart.
Reasons? There are two of them. First, the euro is falling on the continuation of the military conflict in Ukraine, initiated by Russia.
Second, the Nonfarm came out +678K. Employment in the US grew much higher than forecasts in February.
And this, in turn, is a strong argument for a sharp increase in the Fed rate on March 16.
The purpose of the fall? The first target is 1.0800.
