EUR/USD closed lower on Tuesday however, a short covering rally tempered early session losses. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are neutral to bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it renews this year's decline, monthly support crossing is the next downside target.