Silver breaches the resistance – Analysis - 22-05-2017
Economies.com
2017-05-22 04:17AM UTC
Silver price managed to breach 16.80 level and hold above it, which reinforces the expectations of continuing the bullish on the intraday and short term basis, and the way is open to head towards our next main target at 17.43.
Therefore, we are waiting for more rise in the upcoming sessions, supported by the EMA50, reminding you that it is important to hold above 16.56 to continue the suggested bullish trend.
Expected trading range for today is between 16.60 support and 17.10 resistance.
Expected trend for today: Bullish
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