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EUR/USD closed higher on Wednesday as it extends the rally off this month's low. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are 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.