FxWirePro: Prefer to go long on XAG/USD around $17.98, stop loss at $17.81 and target of $18.11
XAG/USD is currently trading around $18.00 marks. It made intraday high at $18.01 and low at $17.92 levels. Intraday bias remains bullish till the time pair holds key support at $17.81 mark. A daily close above $17.94 wi…
It made intraday high at $18.01 and low at $17.92 levels.
Intraday bias remains bullish till the time pair holds key support at $17.81 mark.
A daily close above $17.94 will test key resistances at $18.12/$18.26/$18.47 marks respectively.
On the other side, a daily close below $17.94 will take the parity down towards key supports at $17.81/$17.68/$17.51/$17.44/$17.38/$17.22/$17.06/$16.99/$16.85/$16.70 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 $17.98, stop loss at $17.81 and target of $18.11/$18.26.
