FxWirePro: XAG/USD trades flat in early Asia, bias remains neutral

• XAG/USD is currently trading around $17.03 marks.
   
• It made intraday high at $17.03 and low at $16.99 levels.
   
• Intraday bias remains neutral for the moment.
   
• A daily close above $17.01 will test key resistances at  $17.13, $17.22, $17.36, $17.44, $17.49, $17.60, $17.82, $17.95, $18.12, $18.24, $18.39, $18.52 and $18.63 marks respectively.
   
• On the other side, a daily close below $17.01 will take the parity down towards key supports at $16.94, $16.87, $16.80, $16.72, $16.58, $16.40, $16.21 and $16.10 marks respectively.

We prefer to take short position in XAG/USD around $17.05, stop loss $17.15 and target of $16.94/$16.87/$16.80 mark.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest