FX forecast for Sept. 7

The international financial market on Monday, September 7, will be narrow (less liquid) as the markets in Northern America will be closed. The United States and Canada celebrate the Labor Day, Financial Brains director, PhD Sveatoslav Mihalache has told Info-Prim Neo. Information about important macroeconomic indicators in the EU will be made public on Monday. The consumer trust index will be published at 11.30, Chisinau time, while the orders for the German factories – at 13.00. The EUR/USD pair is trading at the level of 1.4335. From technical viewpoint, the first resistance level stands at 1.4340/50, while the second – at about 1.4420. Sveatoslav Mihalache said that the first support level, of 1.4270, is not strong enough, while the second support level, of 1.4180, was more resistant to bears attacks. Financial Brains forecast that the EUR/USD pair will be trading at 1.4335, with a stop-loss of 1.4440. [EUR/MDL]. The Moldovan currency exchange facilities will purchase the European common currency for 15.88-15.92 lei and sell it for 15.99-16.05 lei. [USD/MDL]. The U.S. dollar will be bought for 11.15-11.18 lei and sold for 11.24-11.27 lei.