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Brent crude oil price has lost more than 8% after minor recovery till $63.55 as OPEC talks end without oil-cuts deal as Russia holds back. It hits low of $58.84 and is currently trading around $59.93.
On the lower side, near term major support is around 1.3360 and any break below will drag the pair till 1.3300/1.3280 (10- day MA).
The pair is facing major resistance around 1.3450 and any break above targets 1.3500 is possible.
It is good to buy on dips around 1.3360 with SL around 1.33000 for the TP of 1.3500.
Resistance
R1- 1.345
R2 - 1.350
R3- 1.3585
Support
S1- 1.3380
S2- 1.3270
S3- 1.3200
