- Pair is currently trading at $15.25 levels.
- It made intraday high at $15.29 and low at $15.21 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, FOMC statement will be the key event in the US session. This will put direct impact on the parity and provide short term trend directions.
We prefer to take long position in XAG/USD around $15.22, stop loss $15.01 and targets $15.56/$15.92 thereafter.
