- XAG/USD is currently trading around $16.57 marks.
- It made intraday high at $16.63 and low at $16.53 levels.
- Intraday bias remains neutral till the time pair holds key resistance at $16.67 mark.
- A daily close above $16.56 will test key resistances at $16.68, $16.75, $16.82, $16.96, $17.08, $17.22, $17.40 and $17.52 marks respectively.
- On the other side, a daily close below $16.56 will take the parity down towards key supports at $16.40, $16.32, $16.18, $16.08, $15.90 and $15.68 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Later today U.S. will release retail sales as well as PPI data at 1230 GMT.
We prefer to take long position in XAG/USD only above $16.67, stop loss $16.50 and target of $16.82.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Woodies pivot (Major)
Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next?
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile
FxWirePro: AUD/USD grinds higher amid risk appetite revival
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
EUR/USD Eyes 1.1660 Breakout: Buying Dips Near 1.1530 as Geopolitical Tensions Ease
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
FxWirePro: USD/CAD eases slightly but trend is still bullish
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2 



