FxWirePro: Go long on XAG/USD around $17.58 with stop loss at $17.34 and target of $17.99
XAG/USD is currently trading around $17.60 marks. It made intraday high at $17.63 and low at $17.50 levels. Intraday bias remains bullish till the time pair holds key support at $17.34 mark. A daily close above $17.53 wi…
It made intraday high at $17.63 and low at $17.50 levels.
Intraday bias remains bullish till the time pair holds key support at $17.34 mark.
A daily close above $17.53 will test key resistances at $17.99/$18.12/$18.26/$18.47 marks respectively.
On the other side, a daily close below $17.53 will take the parity down towards key supports at $17.32/$17.25/$17.06/$16.99/$16.85/$16.70/$16.57/$16.37/$16.20/$16.05 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 go long on XAG/USD around $17.58 with stop loss at $17.34 and target of $17.99/$18.12.
