FX forecast for Nov. 04

After hitting yesterday a low of 1.4628, the euro climbed to 1.4730, Financial Brains director, PhD Sveatoslav Mihalache has told Info-Prim Neo. Many statistical data are expected to come today from the eurozone and the United States. The foreign exchange players will direct their attention to the decision concerning the refinancing rate of the U.S. federal reserves. The technical analysis shows the first resistance level of the euro stands at 1.4810, while the second at 1.4860. The euro's first support level is 1.4620, while the second – 1.4570. One of the most important support levels is 1.4450, Sveatoslav Mihalache said. Financial Brains says the graph for four hours indicates a possible fall of the EUR/USD pair to 1.4620 again. EUR/MDL. The currency exchange facilities today will buy the euro for 16.22 lei and sell it for 16.33 lei. USD/MDL. The U.S. dollar will be purchased for about 11.00 lei and sold for 11.10 lei. For further details, visit www.fb.md.