EURUSD plunged to almost 3-year low following a break below 1.09 handle. Despite a bullish candlestick painted on Tuesday on the daily chart, buyers did not manage to stop declines. The sentiment remains bearish and the downward move may deepen towards 127.2% Fibonacci retracement at 1.0780 handle. Note that elevated volatility may be present at 1:30 pm GMT, when US CPI data is released.
EURUSD D1 interval. Source: xStation5