FX forecast for Oct. 23

-- [EUR/USD] A new attempt to set another record high occurred early this morning, when the euro touched the $1.5050 mark on Asian segment of the market, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo. Yet 4 hour, daily and weekly graphs show it is unlikely that this resistance channel will be conquered and, with the exception of the the 'incident' during the Asian session, the euro has remained confined within the predicted trading corridor – between $1.4940 and $1.5020. A correction up to $1.4770 is possible. [USD/MDL] As concerns the dollar, Financial Brains think the current situation on the internal market (the dollar traded yesterday among banks at 11.07 lei, as opposed to the 'normal' price of around 11.25 lei) is the negative phase of a see saw with a too high amplitude, whose positive phase was represented by quotations over 12 lei a couple of weeks ago. However, this situation is more than opportune for purchases of dollars. Currency exchange facilities will buy dollars today at 11.02 – 11.04 lei and sell them at 11.10 – 11.14 lei. [EUR/MDL] 16.45– 16.49 lei (bid); 16.60 – 16.68 lei (ask). For further details visit www.fb.md