EUR/USD range will likely to be defined by 20-day Bollingers

Lower band is 1.2044, mid-point 1.2190 also Jan 22 peak

Weight longs suggest range in lower-end of bands likely nL1N2K00C2

Those long EUR/USD must be wary of a cloud break nL1N2K10FL

Today EUR/USD 1.2108-46 EBS reaching lows shortly after Europe opened

Fed meet/decision Jan 27. Lull, some position adj ahead is likely