EUR/CAD Monthly Standpoint

Can we anticipate a long term short? As we can see, the leg down to the left of the chart broke all existing forms of support from years prior. Price then retraced and made a break below, close below, under the last LL. Now price is climbing up. We can see already see strong rejection of 1.55-1.60 levels to the right indicated by long wicks. Price will continue up if we can close above those wicks, or will climb just to the 1.55-1.60 handle and make a long-term drop the downside. Only time will tell.