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EUR/USD closed lower on Monday as it consilidates last week's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. Closes above December's high crossing are needed to confirm an upside breakout of this winter's trading range. If it renews last week's decline, the 62% retracement level of 2010's rally crossing is the next downside target.