FxWirePro: Silver appreciates in European hours, stay bullish only above $15.32
XAG/USD is currently trading around $15.27 marks. It made intraday high at $15.28 and low at $15.14 levels. Intraday bias remains bullish till the time pair holds key support at $15.07 mark. A daily close above $15.22 wi…
It made intraday high at $15.28 and low at $15.14 levels.
Intraday bias remains bullish till the time pair holds key support at $15.07 mark.
A daily close above $15.22 will test key resistances at $15.32, $15.40, $15.49, $15.57 and $15.68 marks respectively.
On the other side, a daily close below $15.22 will take the parity down towards key supports at $15.17, $15.07, $14.87, $14.62 and $14.48 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 take long position on XAG/USD only above $15.32, stop loss at $15.15 and target of $15.40/$15.47.
