EURILS: Further downside expected.

SAXO:EURILS   Euro/Israeli Shekel
The pair is on a strong 1M Channel Down ( RSI = 37.575, MACD = 0.082, Highs/Lows = -0.1355) since the beginning of the year. We are expecting another test of the 3.7870 1D Support. Based on the RSI (despite being a bullish divergence ) we are expecting a symmetric low outside the Channel. That should be the 3.7870 contact.

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