EUR/ILS may rise to 4.1638 - 4.2216

3.9418 is our pivot point.

Our preference

The upside prevails as long as 3.9418 is support.

Alternative scenario

Below 3.9418, expect 3.8455 and 3.7881.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 4.0077 and 4.0024).

Supports and resistances

4.3371 **

4.2793 *

4.2216 **

4.1638

4.0296 last

3.9796

3.9418 **

3.8455 *

3.7881 **

Number of asterisks represents the strength of support and resistance levels.