EUR/USD closed lower on Tuesday as it consolidated some of last week's rally. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, October's high crossing is the next upside target. Closes below Tuesday's low crossing are needed to confirm that a top has been posted.

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