EUR/USD closed higher on Wednesday as it extends Monday's breakout above the 20-day moving average. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, March's high crossing is the next upside target. Closes below the 10-day moving average crossing would temper the near-term friendly outlook.