FX forecast for Aug. 24
https://www.ipn.md/index.php/en/fx-forecast-for-aug-24-7966_977368.html
Special attention this week will be paid to the information about the GDPs of Germany, the UK and the U.S that will be published the coming days. This rather important data will determine the further development of the EUR/USD pair, Financial Brains director, PhD Sveatoslav Mihalache has told Info-Prim Neo.
“Contrary to expectations, the EUR/USD pair passed the 1.4270 level last Friday, reaching 1.4350,” Sveatoslav Mihalache said.
According to the technical analysis, divergences appear between the daily and weekly graphs and the course of the EUR/USD pair is not clear.
Mihalache also said that the pair’s development direction could become clearer today. “The graphs for a day indicate a possible fall to 1.4080, while the graphs for a week do not show such a fall yet. However, there are risks that the pair could grow to 1.4444. This is the highest level for this year set at the start of August,” he said.
[EUR/MDL]. Today, the currency exchange facilities in Moldova will buy the euro for 15.90 – 15.93 lei and sell it for 16.00 – 16.05 lei.
[USD/MDL]. The dollar will be purchased for 11.18 – 11.20 lei and sold for 11.25 – 11.28 lei.
