FX forecast for Aug. 25

The situation on the currency market on Tuesday will remain unchanged. Yesterday, the EUR/USD pair traded in a narrow corridor of 1.4340 – 1.4270. The European common currency did not pass the 1.4270 level. Last weekend, this level turned from a resistance level into a support level, Financial Brains director, PhD Sveatoslav Mihalache has told Info-Prim Neo. ”Yesterday, the bears attempted several times to beat the level of 1.4270,” Sveatoslav Mihalache said. The analysis of the graphs again does not show clearly the course of the euro as the technical indicators show different directions of the EUR/USD pair. Sveatoslav Mihalache said that the information about Germany’s GDP for the second half of the year will be made known today at 9.00, local hour. “It can influence the course of the EUR/USD pair. If the bears succeeded in passing the 1.4270 level, the euro will drop to 1.4190 – 1.4210,” the portal’s director forecast. Even if the official exchange rate for the euro set by the National Bank of Moldova is much higher (16.05 lei), the currency exchange facilities will buy the euro at rates similar to yesterday’s rates. EUR/MDL. At currency exchange facilities, the euro will be purchased for 15.85-15.90 lei and sold for 15.98 – 16.03 lei. USD/MDL. The US dollar will be bought for 11.16 – 11.18 lei and sold for 11.25 – 11.26 lei.