FxWirePro- Silver Daily Outlook 
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FxWirePro- Silver Daily Outlook 
- EUR/CAD upside pauses shy of 100-DMA at 1.5528, break above to see further upside.
- Price action rages within the cloud and is extending gains above 200-DMA.
- The pair trades with a bullish momentum. RSI shows strength at 63 levels with room to run further.
- MACD supports upside and we see +ve DMI crossover on -ve DMI which adds to the bullish bias.
- Break above 100-DMA targets 61.8% Fib at 1.5688. While on the downside we see minor weakness on break below 5-DMA.
- Retrace below 200-DMA invalidates bullish bias.
Support levels - 1.5414 (5-DMA), 1.5252 (200-DMA)
Resistance levels - 1.5528 (100-DMA), 1.5688 (61.8% Fib)
Recommendation: Good to go long on breakout at 100-DMA, SL: 1.5410, TP: 1.56/ 1.5685
FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 35.6941 (Neutral), while Hourly CAD Spot Index was at -107.63 (Bearish) at 0725 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
