Looking at the EUR vs CAD on the daily time frame we can notice two days of indecision for the pair since the bearish fall from prior resistance at 1.53019. The indecision is noted with the two doji's formed at the support level at 1.49114. Doji candlesticks represent indecision as neither bears or bulls control the market. Prior to the doji at support the market had four decisive bearish days closing out with a long bearish candle near the support level. This level appears to be a level were buying pressure is present as the momentum turned quickly from bearish to neutral at this point. I look for the support level to hold and the market to bounce from here and attack the top of the range at 1.53019 long term. If price closes below the support level then we know we are wrong and we look for the support to become resistance and find another opportunity. Have a great trading week and God bless!