EUR/ILS may rise to 4.2909 - 4.3777

Our pivot point is at 3.9687.

Our preference

As long as 3.9687 is support look for 4.3777.

Alternative scenario

The downside breakout of 3.9687 would call for 3.8241 and 3.7380.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 4.0777 and 4.0200).

Supports and resistances

4.5514 **

4.4646 *

4.3777 **

4.2909

4.0872 last

4.0256

3.9687 **

3.8241 *

3.7380 **

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