vlad.adrian
Long

USDILS - Another rate cut

FX_IDC:USDILS   U.S. DOLLAR / ISRAELI SHEKEL
106 0 1
Yesterday, Bank of Israel cut rates again, joining the rates war that has been going on. I outlined on the weekly chart what happened last time when there was a rate cut in Israel. I don't think this time we will see such a strong rally, but I think a test of at least 4.1 is likely.

I entered long on the close yesterday, and I believe that every dip on the H4 chart is a buying opportunity, especially after a breakout above 4, which has been a hot level these last few weeks.
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