- XAG/USD is currently trading around $16.07 marks.
- It made intraday high at $16.12 and low at $16.05 levels.
- Intraday bias remains bearish till the time pair holds key resistance at $16.22 mark.
- A daily close above $16.07 will test key resistances at $16.22, $16.32, $16.40, $16.49, $16.57, $16.68, $16.90, $17.08 and $17.17 marks respectively.
- On the other side, a daily close below $16.07 will take the parity down towards key supports at $15.99, $15.91, $15.84, $15.72, $15.59 and $15.44 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 $16.09, stop loss $16.22 and target of $15.84 mark.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD dips on soft China data
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000? 



