- XAG/USD is currently trading around $16.48 marks.
- It made intraday high at $16.54 and low at $16.41 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at $16.41 marks.
- A daily close below $16.31 will take the parity down towards key support at $16.15 marks.
- Alternatively, reversal from key support $16.31 will take the parity higher towards key resistances at $16.55, $16.88 (20D, 30D and 55D EMA cross over), $16.95, $17.11, $17.46 (May 09, 2016 high) and $17.55 (May 11, high) levels respectively.
We prefer to take long position in XAG/USD above $16.50, stop loss $16.42 and target $16.88 marks.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro-Major European Indices
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 



