FxWirePro- Major European Indices 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop 
FxWirePro: AUD/USD dips on soft China data 
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level 
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet 
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CAD pauses decline,critical support lies ahead 
FxWirePro: GBP/USD steadies ahead key data, BoE event risk 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100 
- XAG/USD is currently trading around $17.45 marks.
- It made intraday high at $17.56 and low at $17.42 levels.
- Intraday bias remains neutral till the time pair holds initial support at $17.42 marks.
- A sustained close above $17.48 tests key resistances at $17.62, $17.76 and $17.99 marks respectively.
- On the other side, a daily close below $17.24 will take the parity down towards key supports at $17.11, $17.06, 16.95 and $16.88 marks respectively.
- Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms the bullish trend.
- During the U.S. session, Fed chair Yellen testifies will be in focus. Markets scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.
We prefer to take long position in XAG/USD around $17.35, stop loss at $17.11 and target $17.62/ $17.99 marks.
