The cross extends bounce from 0.8791 where higher low is forming and tests strong barrier at 0.8874 (20SMA). Firm break here is needed to signal continuation of two-day rally from 0.8791 and open key barriers at 0.8910 (base of thick daily cloud) and 0.8938 (peak of 02 Nov post BoE strong rally). Bullishly aligned near-term techs are supportive, however, negative tone that prevails on daily chart (double bear-cross of 20/30SMA and 55/100SMA) weighs and requires caution of possible stall at 20SMA. The downside was protected today by 10SMA (0.8830) and break here would be bearish signal.
Res: 0.8874; 0.8885; 0.8910; 0.8938
Sup: 0.8830; 0.8791; 0.8765; 0.8732
