FxWirePro: Ripple consolidates in narrow range, minor bullishness above 2.10
Major support- 1.56 (200- 4H EMA). The pair consolidates in narrow range after hitting minor top around 2.25 on Jan (11th 2018 high) . The major resistance is around 2.10 (trend line joining 3.06 and 2.78) and break abov…
The pair consolidates in narrow range after hitting minor top around 2.25 on Jan (11th 2018 high) . The major resistance is around 2.10 (trend line joining 3.06 and 2.78) and break above targets 2.50/3.06. It is currently trading around 1.8170.
The major weakness only below 1.60. Break below targets 1.20.
On the higher side, near term trend line resistance is around 2.10 and pair should close above 2.10 level for further bullishness. Short term bullishness only above 2.50 level.
It is good to buy above 2.10 with SL around 1.75 for the TP of 3.06/3.31.
