/
 
EUR/USD closed lower on Friday as it extends Thursday's decline below the 10-day moving average crossing signalling that a short-term top has likely been posted. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible near-term.Closes below the 20-day moving average crossing would confirm that a short-term top has been posted. If it renews the rally off January's low, the 75% retracement level of the November-January decline crossing is the next upside target.