FX forecast for May 22 – crucial day for the euro

Today it is a crucial day for establishing the trend of the EUR/USD currency pair for a longer period of time as the US dollar passed yesterday the $1.3737 resistance level on the international market, Financial Brains director Sveatoslav Mihalache has told Info-Prim Neo. [EUR:] Resisting numerous attacks during the last month, the $1.3737 level yielded and the euro went up, contrary to Financial Brains’s expectations. This is also due to the news from over the Atlantic, where the capital market in the U.S. started to grow and the EUR/USD and GBP/USD pairs increased in value. The euro is now traded at $1.3925, close to the new resistance level of $1.3950. If this level is again passed, most probably the euro will climb to the next resistance level of $1.4080. The support levels now stand at $1.3820 and $1.3737 (once a resistance level). At the currency exchange facilities in Moldova, the euro will be traded at 15.27 – 15.40 lei (bid) and 15.50 – 15.60 lei (ask). [USD:] Today’s rates for the US dollar will be: 11.12 – 11.16 lei (bid) and 11.23 – 11.27 lei (ask). For further details, visit www.fb.md.