The euro hit stops on the break of the Feb 10 low of 1.1159 as the market circles back towards the idea that ECB action is coming in March.
The pair also broke 1.1150, touching a few pips below.
Technically, the break clears the way to last week's low of 1.1085.
Risk appetite is suddenly much-improved and that's great news for the US dollar, which is also gaining ground against the yen.