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EUR/USD was lower due to light profit taking overnight as it consolidates some of the rally off January's low. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off January's low, the 75% retracement level of the November-January decline crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.