EURGBP – recovery tested 20SMA barrier and could extend towards daily cloud base on break

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