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EUR technically destined for 1.25 handle? - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that the euro is also trading at new cycle lows, moving beyond our near-term target of $1.2750 target.

Key Quotes:

"The next technical objective is about a cent lower, but the key psychological level is $1.25."

"Draghi's indication that additional unconventional measures can be adopted if necessary is not real news. This has been the direction of his guidance, and the perceived risk of it has risen since the poor initial participation in the new four year loan facility (TLTRO)."

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