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FxWirePro: Prefer to go short on XAG/USD around $16.95 with stop loss at $17.22 and target of $16.70

Thursday, November 17, 2016 4:48 AM UTC

XAG/USD is currently trading around $16.93 marks.
It made intraday high at $16.99 and low at $16.92 levels.
Intraday bias remains bearish till the time pair holds immediate resistance at $17.22 marks.
A daily close above $17.22 will test key resistances at $17.45/$17.82/$18.25/$18.48/$18.99/$19.29/$19.52/$19.72 marks respectively.
A daily close below $16.80 will take the parity down towards key supports at $16.62/$16.33/$15.93 marks respectively.

We prefer to go short on XAG/USD around $16.95 with stop loss at $17.22 and target of $16.70/$16.62.

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FxWirePro: Prefer to go short on XAG/USD around $16.95 with stop loss at $17.22 and target of $16.70

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