- XAG/USD is currently trading around $16.74 marks.
- It made intraday high at $16.83 and low at $16.71 levels.
- Intraday bias remains bearish till the time pair holds key resistance at $17.01 mark.
- A daily close above $16.82 will test key resistances at $16.87, $17.01, $17.22, $17.37, $17.44, $17.49, $17.60, $17.82, $17.95, $18.12, $18.24, $18.39, $18.52 and $18.63 marks respectively.
- On the other side, a daily close below $16.82 will take the parity down towards key supports at $16.72, $16.58, $16.40, $16.21 and $16.10 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position in XAG/USD around $16.75, stop loss $16.90 and target of $16.58/$16.40.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD dips on soft China data
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro- Major European Indices
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro- Major Crypto levels and bias summary 



