EUR/USD – The euro drops after Draghi’s comments; U.S. GDP data release today – Analysis for April 27th 2018
As it was widely expected, the European Central Bank kept the rates unchanged yesterday. Mario Draghi’s speech during the press conference started a wide euro sell-off. At the same time the U.S. dollar is seen at the highest level in three and a half months. Support is set at 1.20, resistance at 1.21.