FxWirePro: XAG/USD hovers around $17.90 mark, stay bullish only above $17.92
XAG/USD is currently trading around $17.89 marks. It made intraday high at $17.94 and low at $17.86 levels. Intraday bias remains neutral till the time pair holds key resistance at $17.92 mark. A daily close above $17.92…
It made intraday high at $17.94 and low at $17.86 levels.
Intraday bias remains neutral till the time pair holds key resistance at $17.92 mark.
A daily close above $17.92 will test key resistances at $18.05/$18.12/$18.26/$18.47 marks respectively.
On the other side, a daily close below $17.92 will take the parity down towards key supports at $17.70/$17.51/$17.44/$17.38/$17.22/$17.06/$16.99/$16.85/$16.70 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to go long on XAG/USD only above $17.92, stop loss at $17.75 and target of $18.05/$18.26.
