EUR/USD pinned to recent lows ahead today's PMI and inflation data

EZ Jan PMI @ 9GMT composite f/c 47.5 unchanged at 47.5

Flash HICP at 10GMT f/c much higher at 0.5% yy from -0.3% in December

Today's range 1.2028-50 EBS. Yesterday's range 1.2012-87

20-Day Bollinger bands 1.2018, 1.2135 and 1.2251

Daily cloud base 1.1939 and 100-DMA 1.1961 key on closing basis

Big CNH rally has been weighing on EUR this year nL1N2K90HB