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EUR/USD closed higher on Tuesday extending last week's rally. The mid-range close sets the stage for a steady to higher opening on Wednesday. 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. Closes below the 10-day moving average crossing would temper the near-term friendly outlook.