EUR/USD closed higher on Wednesday extending the rally off last week's low. 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. 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.