FxWirePro: Prefer to go long on XAG/USD around $17.35 with stop loss at $17.00 and target of $17.75
XAG/USD is currently trading around $17.43 marks. It made intraday high at $17.47 and low at $17.26 levels. Intraday bias remains bullish till the time pair holds key support at $17.00 mark. A daily close above $17.32 wi…
It made intraday high at $17.47 and low at $17.26 levels.
Intraday bias remains bullish till the time pair holds key support at $17.00 mark.
A daily close above $17.32 will test key resistances at $17.52/$17.62/$17.76/$17.96/$18.01/$18.22/$18.48/$18.88 marks respectively.
On the other side, a daily close below $17.32 will take the parity down towards key supports at $17.09/$16.87/$16.65/$16.48/$16.36/$16.23/$15.85 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 $17.35 with stop loss at $17.00 and target of $17.75.
