FxWirePro: Go long on XAG/USD around $16.95, stop loss $16.87 and target of $17.22

• XAG/USD is currently trading around $16.98 marks.
   
• It made intraday high at $16.98 and low at $16.88 levels.
   
• Intraday bias remains slightly bullish till the time pair holds immediate support at $16.87 mark.
   
• A daily close above $16.95 will test key resistances at $17.22, $17.40 and $17.52 marks respectively.
   
• On the other side, a daily close below $16.95 will take the parity down towards key supports at $16.87, $16.70, $16.55, $16.48, $16.36, $16.28, $16.15 and $16.02 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to take long position in XAG/USD around $16.95, stop loss $16.87 and target of $17.11/$17.22 mark.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest