FxWirePro: XAG/USD hovers around $18.40 mark, faces strong support at $18.32
XAG/USD is currently trading around $18.38 marks. It made intraday high at $18.41 and low at $18.32 levels. Intraday bias remains bullish till the time pair holds key support at $18.32 mark. A daily close above $18.42 wi…
It made intraday high at $18.41 and low at $18.32 levels.
Intraday bias remains bullish till the time pair holds key support at $18.32 mark.
A daily close above $18.42 will test key resistances at $18.54/$18.63/$18.72/$18.97 marks respectively.
On the other side, a daily close below $18.42 will take the parity down towards key supports at $18.32/$18.22/$18.08/$17.99/$17.72/$17.51/$17.42/$17.22/$17.09/$16.87 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 $18.42 with stop loss at $18.32 and target of $18.54/$18.63/$.18.72.
