EUR/ILS may fall to 3.7213 - 3.7875

Our pivot point stands at 4.0552.

Our preference

The downside prevails as long as 4.0552 is resistance.

Alternative scenario

Above 4.0552, look for 4.1678 and 4.2348.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3.9950 and 4.0028).

Supports and resistances

4.2348 **

4.1678 *

4.0552 **

4.0110

3.9518 last

3.7875

3.7213 **

3.6551 *

3.5889 **

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