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FxWirePro: Go long on XAG/USD only above $16.42 with stop loss at $16.28 and target of $16.90

Monday, June 6, 2016 6:18 AM UTC

XAG/USD is currently trading around $16.39 marks.
It made intraday high at $16.43 and low at $16.33 levels.
Intraday bias remains bullish till the time pair holds key support at $16.11 marks.
A daily close below $16.11 will take the parity down towards key support at $15.95, $15.88 and $15.62(20D EMA) marks respectively.
Alternatively, current upside trend will take the parity higher towards key resistances at $16.45, $16.63 and $16.90 marks respectively.
Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms bullish trend.

We prefer to take long position in XAG/USD only above $16.42, stop loss $16.28 and target $16.90 marks.

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FxWirePro: Go long on XAG/USD only above $16.42 with stop loss at $16.28 and target of $16.90

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