There is a buying opportunity in the pair and the risk reward ratio is favourable in these conditions. The pair is trading at 20.83 we can expect the pair to trade at 22,35 once it closes above 21.15.

The pair is trading above the 50 day EMA  the EMA is flatten once the EMA is trending positive we will get another confirmation.

The RSI has given a breakout from a falling channel and can expect the rsi to touch 65 levels.

If we see a MACD crossover and MACD trading above 0.50 then we will get another strong confirmation for buying.The Pair is trading above the ICHIMOKU CLOUD which suggests positiveness.

Advice : Buy the pair if the EMA and MACD give us a confirmation.

SILVER/EURO

Nov 06 2021