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EURILS: Sell entries.

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Euro/Israeli Shekel (SAXO:EURILS)  
InvestingScope  
SAXO:EURILS   Euro/Israeli Shekel
Trend Analysis Chart Patterns Technical Indicators EURILS euro ils israelishekel Forex EUR Currencies currency
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trendanalysis chartpattern indicator eurils euro ils israelishekel forex eur currencies currency
EURILS has been trading within a long term Channel Down since December 2018 (RSI = 38.590, MACD = -0.085, ADX = 31.136, Highs/Lows = -0.0915). At the moment it is trading around the 1D MA50 and on the Lower High trend line. We expect the price to be rejected back to the 3.7790 Support. If not, then the June - December 2018 fractal may be played out: rise towards 3.9500 and then rejection.

Previous call within the Channel Down:
EURILS: Further downside expected.



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