FxWirePro: XAG/USD breaks key support at $15.75 mark in early Asia, sustained close below targets $15.58 mark

• XAG/USD is currently trading around $15.78 marks.
   
• It made intraday high at $15.79 and low at $15.74 levels.
   
• Intraday bias remains neutral till the time pair moves in stiff boundaries from $15.74 to $15.82 mark.
   
• A daily close above $15.77 will test key resistances at $15.90, $16.05, $16.15, $16.22, $16.40 anss $16.55 marks respectively.
   
• On the other side, a daily close below $15.77 will take the parity down towards key supports at $15.75, $15.58, $15.47 and $15.32 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 long position on XAG/USD only above $15.82, stop loss $15.74 and target of $15.90/$16.05.