FX forecast for Mar. 9

- [USD/MDL:] The currency exchange facilities took advantage of the extended weekend and lowered the bid rates to around 12.60 lei; this week it is unlikely that the dollar will rise above 12.80 lei as previously, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo. The trading corridor for this week is predicted to be encompassed between 12.60 and 12.75 lei. Today, the currency exchange facilities will by dollars at 12.60 – 12.65 lei and sell at 12.74 – 12.78 lei. [EUR/USD:] Some divergences between graphs suggest that today is perhaps not the best day for trading. Among the events that could influence the course of the EUR/USD pair today are the meeting of Greek PM George Papandreou with US President Barack Obama and the publishing of the economic optimism indicator in the US. Currently the euro trades around $1.3620. {Support levels:} $1.3605/40; $1.3570; $1.3480; $1.3420/50 {Resistance levels:} $1.3670/80; $1.3730; $1.3840. [EUR/MDL:] 17.16 – 17.20 lei (bid) and 17.30 – 17.35 lei (ask). For further details visit www.fb.md or www.financialbrains.eu

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