- XAG/USD is currently trading around $16.48 marks.
- It made intraday high at $16.54 and low at $16.46 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at $16.57 mark.
- A daily close above $16.55 will test key resistances at $16.75, $16.90, $17.10, $17.22, $17.40 and $17.52 marks respectively.
- On the other side, a daily close below $16.55 will take the parity down towards key supports at $16.36, $16.28, $16.15, $16.02, $15.92, $15.80 and $15.62 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to take short position in XAG/USD around $16.50, stop loss $16.60 and target of $16.36/$16.28 mark.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro-Major European Indices
GBPJPY Rises on Solid UK Data: Dip-Buy Setup at 214.6 Eyes 217
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR gains upside momentum as bulls take charge
FxWirePro: GBP/NZD downtrend loses momentum but bearish setup remains
FxWirePro- Major Crypto levels and bias summary
AUDJPY Dip-Buy Setup: 113.58 Entry Aims for 115
FxWirePro: GBP/AUD maintains bearish bias with focus on 1.8800
FxWirePro: EUR/ NZD recovers some ground but bears are not done yet
FxWirePro- Woodies pivot (Major)
Bitcoin Flat Near 77k as US-Iran Tensions Escalate; ETF Inflows Near $1B for the Week
BTCUSD Flat Ahead of Peace Talks: Dip-Buy Near 75k Opens Path to 80k–90k Targets
FxWirePro: EUR/AUD edges higher but bearish outlook persists
Euro Stabilizes Near 1.1713 as IFO Weakness Meets Oil Volatility; 1.1800 in Focus
FxWirePro: GBP/USD falls as fragile ceasefire keeps investors on edge
FxWirePro- Major Pair levels and bias summary 



