FX forecast for Apr. 6
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[EUR/USD:] The euro is again under pressure after renewed speculations from Greece, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo.
Sources from Athens have reported that the Papandreou government seeks to exclude from the aid package offered by the EU the contribution of the International Monetary Fund, whose terms it finds exaggerated. These rumors caused the European currency to drop from $1.3500 to $1.3420.
Currently the euro trades around $1.3430.
Support levels: $1.3405; $1.3370; $1.3330.
Resistance levels: $1.3480/90; $1.3530.
The Financial Brains recommend buying $1.3370-80, with a take-profit at $1.3470.
[USD/MDL:] No immediate changes are expected on the domestic market after the holidays, as the dollar will continue selling at 12.32 – 12.34 lei and buying at 12.42 – 12.44 lei.
[EUR/MDL:] 16.53 – 16.57 lei (bid); 16.65 – 16.70 (ask).
For further details visit www.fb.md or www.financialbrains.eu