EURCAD new FALL in the downlink

After the price came to the support line at 1.522 in July and bounced off it, it rallied strongly. However, it then dropped from the resistance line 1.561, which served as a starting point for the formation of a downward channel.

The channel has also existed since July, the fall is guided by the trend lines of support and resistance. The lower border of the channel also crosses the support line that gave the initial impetus for growth. And in November, the price has already approached the support zone - the crossing of these lines.

There is a likelihood that in the near future the trend will break and begin to grow, but so far we can only talk about the price movement in the channel.
I expect that from the resistance line where the price is now - 1.561 - it will fall.

The final target is thus the support line 1.536.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻