A look at what is on the board for today


A couple to take note of on the day, as highlighted in bold.

For EUR/USD, the large ones today and over the next few days close to 1.1600 could keep price action more sticky ahead of the ECB meeting even as sellers establish a more downside bias in the near-term to start the new week.

That is just one to be mindful about considering the quieter conditions so far.

Meanwhile, the large one for USD/JPY at 114.50 is not likely to come into play as the 114.00 level and confluence of key near-term resistance at 113.95-00 is perhaps the more important point of interest for price action in the sessions ahead.

Besides that, the large one for USD/CAD may help to add another layer to short-term resistance at the 1.2400 level as buyers have struggled to keep a push beyond that as the pair consolidates a little after the recent drop towards 1.2300.

For more information on how to use this data, you may refer to this post here.