FxWirePro: Ripple downside capped by 200 -4H EMA, good to buy on dips

• Major support- 1.56 (200- 4H EMA).
   
• The pair has taken support near 1.56 and jumped till 2.25. The major resistance is around 2.40 -2.45 (trend line resistance) and break above targets 3.06/3.31.  It is currently trading around 2.0430.
   
• The major weakness only below 1.60. Break below targets 1.20. 
   
• On the higher side, near term trend line resistance is around 1.9700 and pair should close above 2 level for further bullishness. Short term bullishness only above 2.50 level. 

It is good to buy on dips around 2 with SL around 1.60 for the TP of 3.06/3.31