Shekel Could Be A Compelling Currency To Watch


Forex Daily Analysis 17th July 2014

The Israeli Shekel has been one of the strongest currencies across the board in recent years. Even in the face of the current turmoil, the currency has held onto multi-month highs against the buck. But I am now looking for a major USD/ILS base, with the initial catalyst for reversal coming in the form of a potential short-term double bottom. 

$USDILS double bottom could be in the works. Via @joelkruger

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