EUR/CAD technical analysis leaves little support
The rebound in oil prices and risk sentiment along with the likelihood that the ECB will take action in March has cut the legs out from EUR/CAD.
The declines over the past two days knocked out key support at 1.4950 and opens the way to the November low of 1.3979.
The euro is in a world of trouble at the moment. Everything is beginning to align for shorts.
