EUR/USD closed higher on Thursday while extending the trading range of the past three weeks. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain neutral to bearish signalling that additional weakness is possible near-term. If it extends the decline off July's high, July's low crossing is the next downside target. Closes above the reaction high crossing are needed to renew the rally off July's low.
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