EUR/ILS: the pair’s bearish supercycle isn’t over yet

19 June 2020

The EUR/ILS pair’s evolution must be understood in cycles. In 2007, the pair (euro/shekel) had reached a historic high of 5.95, prior to the global financial crisis, which gave rise to a long-term bear cycle. Setbacks on the European end of things, from the banking crisis, to Greece’s collapse in 20...