The XAG/USD pair is approaching its support at 14.89 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 15.34 (50% Fibonacci retracement).
Stochastic (89, 5, 3) is nearing its support at 1.4% where a corresponding bounce could occur.
XAG/USD is approaching its support where we expect to see a bounce.
Buy above 14.89. Stop loss at 14.61. Take profit at 15.34.
The material has been provided by InstaForex Company – www.instaforex.com
The XAG/USD pair is approaching its support at 14.89 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 15.34 (50% Fibonacci retracement).
Stochastic (89, 5, 3) is nearing its support at 1.4% where a corresponding bounce could occur.
XAG/USD is approaching its support where we expect to see a bounce.
Buy above 14.89. Stop loss at 14.61. Take profit at 15.34.
The material has been provided by InstaForex Company – www.instaforex.com
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