EUR/USD closed higher on Thursday extending the rally off last week's low. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but 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.