EURCAD on crucial point

EURCAD is on a crucial point. It hit the bottom of the horizontal channel in which it is moving for some time now. If the bottom of the channel holds and provide support we can have some upward momentum towards the top of the channel. If the support fails to hold and if it break downwards, we can face a massive drop to the monthly trendline (blackline). So buy if the support holds, sell if it breaks.