EUR/USD closed lower due to profit taking on Thursday as it consolidates some of the rally off this month's low. The mid-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. Closes above the reaction high crossing are needed to renew the rally off July's low. If it renews the decline off July's high, July's low crossing is the next downside target.