FX forecast for June 29

[EUR/USD] Divergences have appeared in graphic indicators making it difficult to predict the future moves of the pair EUR/USD, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo. However, Financial Brains considers that this week the pair EUR/USD will remain enclosed in the same corridor as last week – between $1.3830 and $1.4140. At present the risks are associated with growth. The first resistance level stands at $1.4130/40, which if exceeded, will open the gates toward a new level of $1.4220. The support levels are situated at $1.4000 and $1.3915/25. [EUR/MDL] At the Moldovan currency exchange facilities the euro will cost 15.63 – 15.68 lei (bid) and 15.75 – 15.80 (ask). [USD/MDL] Fears have lessened on the domestic market and the US dollar returned to its previous pattern. Financial Brains predicts the dollar to trade this week within a corridor between 11.20 and 11.30 lei, with a trend of slight growth. The rates for today will be: 11.17 – 11.20 lei (bid) and 11.26 – 11.30 lei (ask). For further details visit www.fb.md