EUR/CAD: Dead Cat bounce?EURO / CANADIAN DOLLARFX_IDC:EURCADCityIndexAn interesting bearish setup may have emerged on EUR/CAD. After breaking below trend support on Friday, the pair has held beneath that level and is now consolidating tightly near the lows. Both the broken trendline and the October trough are acting as resistance, reinforcing the risk that any rebound may prove shallow. If downside momentum resumes, support layers around the 1.60 handle and the 200-day moving averages become natural targets for sellers. Matt Simpson, Market Analyst at City Index.