EUR/USD closed higher on Thursday as it extends the rally off last week's low. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it renews the rally off January's low, the 75% retracement level of the November-January decline crossing is the next upside target. Closes below Tuesday's low crossing would temper the near-term friendly outlook.