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USD/ILS Analysis Today - 25/09: Day Trading Risks (Chart)
(MENAFN- Daily Forex) The USD/ILS has traded lower this morning and been able to sustain depths produced yesterday, this as the conflict in the Middle East escalates and speculative perspective are being confronted by a lack of clarity.
- Proving that Forex dynamics are complicated, the USD/ILS currency pair can be held up as a prime example for all.
- The currency pair as of this writing is near the 3.75800 mark, however retail traders need to keep in mind that wide bids and asks are being displayed on Forex platforms.
- The Middle East conflict has escalated once again this morning as rocket fire from the Hezbollah, which is mostly based in Lebanon, has hit the central part of Israel.
- And yet, perhaps to the surprise of many day traders the USD/ILS has actually seen selling develop early today.
- The ability of the currency pair to traverse lower yesterday and also today may make contemplation of buying at support levels attractive for short-term wagers.
- Speculators should be careful trading the USD/ILS, it is not for the weak of heart, but its rather consistent price range does make it appealing for those that like to wager.

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