Potential bottom and reversal for Euro vs Israeli Shekel

23 thg 12, 2021

The shekel has been one of the strongest currencies throughout the pandemic while the central bank of Israel has tried numerous policies to lower its value. The strong currency is destroying the expensive technologies Israel sells abroad. At the crossroad between Africa, Asia and Europe Israel has seen its standing improve and countries across the board are improving their relations with the country. The country needs to provide these countries with the affordable exports they seek. I expect the central bank to finally succeed in putting an end to the rally.
On the other hand, I expect the Euro to rally strongly against the US Dollar.
This is why I think longing the Euro and Shorting the Shekel can prove to be one of the best FX trades available right now.