XAGUSD Weekly Forecast Jun 16 2014

No change , outlook in XAGUSD remains on the downside as long as resistance 20.14  holds on a weekly closing basis , support comes at the 18.63 , a break would open 17.40 levels , further downside will aim the 16.30 levels…

On the upside , break of 20.14 levels on a weekly basis will reverse risks to the upside towards the 22.17 , a break would open 23.98 next , further upside will aim the 25.11 levels.

In all ,as long as resistance 20.14 holds on a weekly basis , outlook in XAGUSD remains on the downside towards the 18.63 levels ahead of the 17.40 levels , break of 20.14 will turn outlook towards the 22.17/23.98 levels..

 

XAGUSD Weekly Forecast Jun 16 2014

 

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