FX forecast for Nov.09

- [EUR/USD]: The euro started this week on the right foot and, in certain circumstances, we could see it hit new records high, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo. The market opened for the euro at $1.4880, with a lag of 40 pips, after it closed the previous week at $1.4840. The euro continues to rise, trading currently at $1.4940, and there is a possibility it will conquer new heights if it breaks the nearest resistance level, situated very close at $1.4980, and then the $1.5060 mark (the record high so far). Support levels: $1.4790; $1.4730; $1.4660. Also, the forex trading actors will follow what European Central Bank chief Jean-Claude Trichet has to say at a press conference scheduled for today. [EUR/MDL] Bid rates around 16.35 lei; ask rates around 16.50 lei. [USD/MDL] 11.00 – 11.04 lei (bid); 11.10 – 11.14 lei (ask). For further details visit www.fb.md