EUR/ILS may fall to 3.8775 - 3.9415

4.1908 is our pivot point.

Our preference

The downside prevails as long as 4.1908 is resistance.

Alternative scenario

The upside breakout of 4.1908, would call for 4.2993 and 4.3639.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 4.1547 and 4.1237). Finally, the EUR/ILS is trading below its lower Bollinger band (standing at 4.0732).

Supports and resistances

4.3639 **

4.2993 *

4.1908 **

4.1482

4.0718 last

3.9415

3.8775 **

3.8135 *

3.7495 **

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