EUR/USD capped 1.2359 yesterday then bounced 1.2266 to 1.2345 in Asia today

Europe sees a gradual slide from 1.2325 high to 1.2251 low EBS

Mid-point of 20-day Bollinger band at 1.2220. Lower-Bollinger 1.2103

EUR/USD has traded cleanly above BB mid-point since Nov 13 2020

Traders are broadly long and downside stops are numerous

Progression lower likely as a bullish situation is further adjusted

Data weighs. EZ HICP -0.3% in Dec from -0.2% yy. Nov retail sales -6.1% mm