Israeli shekels seems to be heading toward 3.474 since a strong two technical trends are meeting together at that point. Yet meeting with Fibonacci retrenchment of 38% makes it even stronger.
at that point (3.474) dollar against the ILS expected to return to its downtrend toward the low of 3.387 , if it would break that point the target would be 3.22
Fundamentally, US Dollar is expected to keep on down trend, however some technicians are afraid of good up move or correction in DXY or any dollar index since it (DXY) has established a double bottom and hit a long down trend line
at that point (3.474) dollar against the ILS expected to return to its downtrend toward the low of 3.387 , if it would break that point the target would be 3.22
Fundamentally, US Dollar is expected to keep on down trend, however some technicians are afraid of good up move or correction in DXY or any dollar index since it (DXY) has established a double bottom and hit a long down trend line