FxWirePro: Go long on XAG/USD only above $16.42 with stop loss at $16.28 and target of $16.90

• XAG/USD is currently trading around $16.39 marks.
   
• It made intraday high at $16.43 and low at $16.33 levels.
   
• Intraday bias remains bullish till the time pair holds key support at $16.11 marks. 
   
• A daily close below $16.11 will take the parity down towards key support at $15.95, $15.88 and $15.62(20D EMA) marks respectively.
   
• Alternatively, current upside trend will take the parity higher towards key resistances at $16.45, $16.63 and $16.90 marks respectively.
   
• Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms bullish trend.

We prefer to take long position in XAG/USD only above $16.42, stop loss $16.28 and target $16.90 marks.