FxWirePro: XAG/USD stabilizes above $15.70 mark, stay bullish only above $15.82 mark

• XAG/USD is currently trading around $15.77 marks.
   
• It made intraday high at $15.82 and low at $15.74 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance at $15.82 mark.
   
• A daily close above $15.75 will test key resistances at $15.84, $15.92, $16.07 and $16.15 marks respectively.
   
• On the other side, a daily close below $15.60 will take the parity down towards key supports at $15.47,  $15.40, $15.32 and $15.22 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 take long position on XAG/USD only above $15.82, stop loss $15.70 and target of $15.92/$16.01.