EUR/USD closed higher on Thursday as it extended the rally off June's low. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but remain bullish signalling that sideways to higher prices are possible near-term. If it extends the aforementioned rally, the 38% retracement level of the 2009-2010-decline crossing is the next upside target.
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