FX forecast for Aug. 14
https://www.ipn.md/index.php/en/fx-forecast-for-aug-14-7966_977211.html
The bulls dominated the market yesterday from the very beginning of the day. The EUR/USD pair in the first half of the day grew from 1.4220 to 1.4280, Financial Brains director, PhD Sveatoslav Mihalache has told Info-Prim Neo.
According to him, this level remained unbeaten for a long period of time, the rates oscillating between 1.4280 and 1.4250.
At the start of the U.S. session, the bulls managed to pass the level of 1.4280, reaching the next resistance level of 1.4326, which withstood, Sveatoslav Mihalache said.
At the end of the day, the currency market fluctuated between 1.4320 and 1.4260.
Sveatoslav Mihalache said that today the bulls will fight to keep the 1.4320 level, but it is highly improbable that they will manage to.
Even if the official exchange rate of the National Bank of Moldova for today will be higher for the EUR/MDL pair, the currency exchange facilities will keep yesterday’s levels.
EUR/MDL The currency exchange facilities will buy the euro for 15.80-15.84 lei and sell it for 15.94 – 15.97 lei.
USD/MDL The US dollar will be purchased for 11.17 – 11.19 lei and sold for 11.24 – 11.26 lei.
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