FX forecast for Mar. 22

[EUR/USD:] The euro today will attempt again to test the lower level of the corridor it’s been trading within for more than a month. The ‘brave’ level of $1.3440 has resisted earlier to a host of attacks and is unlikely to give in today, as well, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo. The Financial Brains think that after this ‘test’ the euro will rebound to $1.36, that’s why today they will take advantage of the lower levels and will buy euros. Currently one euro costs $1.3505. The closest support level, as mentioned, is $1.3440. If contrary to predictions it collapses, the euro will slip to $1.32. Resistance levels: $1.3570; $1.3630; $1.3690. [USD/MDL:] The Financial Brains think that in the foreseeable future the dollar will come back to the 12.50 – 12.55 lei levels from the current mark of 12.40 lei. The rates predicted for today are: 12.40 – 12.42 lei (bid) and 12.47 – 12.52 (ask). [EUR/MDL:] Around 16.80 lei (bid); around 16.95 (ask). For further details visit www.fb.md or www.financialbrains.eu

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