in ANALISA by hafid zaini

7640790 7/12/2017 5:08 PM, EUR/ILS intraday: target 4.0525


4.0865 is our pivot point.


Our preference

: target 4.0525.


Alternative scenario

: the upside breakout of 4.0865, would call for 4.0986 and 4.1058.


Comment

: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (4.0838) but above its 50 MA (4.0703).


Supports and resistances

:

4.1058 **

4.0986 *

4.0865 **

4.0817

4.0766 last

4.0597

4.0525 **

4.0453 *

4.0381 **