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EUR/USD closed higher on Friday as it extends last week's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning bullish hinting that a low is in or is near. Closes above last Wednesday's high crossing are needed to confirm that a short-term low has been posted. If it renews this month's decline, the reaction low crossing is the next downside target.