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USDILS Correct 50 % since its ultimate high of 2015

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FOREXCOM:USDILS   U.S. Dollar / Israeli Shekel
USDILS Correct 50 % since its ultimate high of 2015.

Market in USDILS isnot expected to start a consolidation movements. However, for shorter periods, USDILS is expected to drop down as a reversal from the Fibonacci level of ( 50%). while, at the same time , the data reveals for the US dollar are a little disappointed and FED members along with analytics start to speak loudly about the slowing the FED interest rate hike.

In September. 2018 Bank of Israel have to take a decision regarding the Israeli interest rate hike ( Depends on their inflation readings for the period).
expectations are hawkish.

back to technical analysis , USDILS is expected to correct back to 3.64 for the short period, unless it had broke the level of 3.71 then it is expected to hit 3.74 and then 3.805 respectively.

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