FX forecast for Aug. 11

On the first day of the week, the euro traded in a narrow corridor of 1.4230 – 1.4130. After the U.S. session opened, the EUR/USD pair started to slid and hit a minimum of 1.4100, Financial Brains director, PhD Sveatoslav Mihalache has told Info-Prim Neo. Today’s resistance level of 1.4220 of the EUR/USD pair could rise to 1.4280. The support level of the EUR/USD pair is 1.4080 and 1.4030. The home market yesterday was calm. On the interbank market, the euro was traded at rates varying between 11.21 and 11.22. One of the major events this week will be the announcement of the decisions taken by the U.S. Federal Reserve’s Financial Services Policy. [EUR/MDL] The Moldovan currency exchange facilities will purchase the euro for 15.68 – 15.73 lei, at lower rates than yesterday, and will sell it for 15.85 – 15.90 lei. [USD/MDL] The US dollar will be bought for 11.17 – 11.18 lei and sold for 11.24 – 11.26 lei.