Strategy - Price entry at 1.36 with Stop Loss set at 1.165. - Resistance at 1.50. - 1st TP at 1.50, 2nd TP at 1.65, 3rd TP at 2.05.
Technical Analysis - Current price moved at above 25 & 50 Moving Average which also serves as the support level. - 1st Southern Doji formed on 14 May 2020. Morning Doji Star also formed for these 3 days. - 2nd Southern Doji formed on 28 May 2020.
Fundamental - Brent Oil Price is trading at 39USD above on 2/6/2020. - OPEC Meeting on 04/06/2020 likely to cut production further until July and August.
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