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- Pair is currently trading at $15.28 levels.
- It made intraday high at $15.35 and low at $15.01 levels.
- Intraday bias remains bullish for the moment.
- On the top side, key resistance level falls at $15.56 marks.
- In addition, 20D, 30D and 55D EMA heads up, which signals bullish trend.
- Alternatively, a daily close below $14.96 will turn the bias bearish again.
- Later today, US will publish NFP job data. This will put direct impact on the parity and provide short term trend directions.
We prefer to take long position in XAG/USD around $15.20, stop loss $15.01 and targets $15.56/$15.92 thereafter.
