EUR/CAD Is Still Falling

EUR/CAD has been moving to the downside for a little over two months now ever since the pair bounced off from the resistance at 1.6150. It also almost reached the support at 1.4980, which coincides with the (MA)89 indicator on the weekly time-frame, with the last low being at 1.5020. The pair will probably reach the aforementioned support level, the question is whether there will be a breakout below it or not. If there is a breakout the move to the downside will probably continue towards the next support, which is at 1.4880. On the other hand, if the pair bounces off from the (MA)89 indicator it will likely move to the upside towards  1.5300.