March has seen some revival as the pair is correcting itself - possibly to a of the down move. This move should be halted by the marked out by the red horizontal lines. We should see a bounce off this area.
The March move is currently on its extension move and should head to the 161.8% price zone (coincidental with the ).
With a 200-pip potential reward, this is a very enticing trade to take. The , highlighted by the green horizontal lines, may be a good target for profit, although prices should push further down.