- XAG/USD is currently trading around $15.92 marks.
- It made intraday high at $16.20 and low at $15.88 levels.
- Intraday bias remains bearish till the time pair holds key resistance at $16.11 marks.
- A daily close below $15.95 will take the parity down towards key support at $15.72 marks.
- Alternatively, reversal from key support will take the parity higher towards key resistances at $16.05, $16.11, $16.25 and $16.45 marks respectively.
- Important to note here that in an hour chart, 20D, 30D and 55D EMA heads down and confirms bearish trend.
- Market movement will be range bound as US market will be closed in observance of Memorial Day.
We prefer to take short position in XAG/USD around $15.95, stop loss $16.11 and target $15.76 marks.


FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro- Major European Indices
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro- Major Pair levels and bias summary
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone 



