FxWirePro: XAG/USD hovers around $18.00 mark, U.S. retail sales data in focus

• XAG/USD is currently trading around $18.04 marks.
   
• It made intraday high at $18.07 and low at $17.95 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at $18.08 mark.
   
• A daily close above $18.08 will test key resistances at $18.22, $18.32, $18.76, $19.07,  $19.27, $19.76, $19.98, and $20.10 marks respectively.
   
• On the other side, a daily close below $17.94 will take the parity down towards key supports at $17.76, $17.60 and $17.40 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• Later today U.S. will release retail sales data around 1230 GMT.

We prefer to take short position on XAG/USD around $18.06, stop loss at $18.12 and target of $17.94/$17.76.