EURCAD: growth or correction?

The price bounced off the support line at 1.498, which has been supporting the price since November last year. In general, this movement falls under the influence of a global downtrend. However, right now we can expect the price to rise to the correction zone 1.514.
SL - 1.492.

Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.