Soccer-Watford dump holders Arsenal out of FA Cup

LONDON, March 13 (Reuters) - Arsenal's bid to win the FA Cup for a third successive year ended on Sunday when they lost 2-1 at home to Watford in a pulsating quarter-final tie. The defeat ended the holders' hopes of becoming the first club since Blackburn Rovers in 1886 to win the FA Cup three times in a row. The result appears to have condemned Arsenal to end the season without a trophy as they face elimination from the Champions League next week, unless they manage to overturn a two goal deficit against Barcelona, and they trail Premier League leaders Leicester City by eight points with only nine games left. Arsene Wenger's men were left to rue a host of missed chances as Watford opened up a 2-0 lead in the second half with goals from Odion Ighalo and Adlene Guedioura. Danny Welbeck pulled a goal back for Arsenal in the 88th minute but it was too late to change the result. Watford go into the semi-finals alongside Premier League sides Everton and Crystal Palace. (Reporting by Jamie McGeever, editing by Pritha Sarkar)