BBH: EUR/USD is heading towards parity

The forex strategists of Brown Brothers Harriman outline recent developments and movements of the euro against the dollar and reached the conclusion that the couple seems to be heading towards parity.
After the last meeting of the European Central Bank on October 22, EUR/USD fell to $ 1.11. Then, after the publication of the meeting protocols of the Federal Reserve on October 28, the pair continued to fall to $ 1.09 area. There was a wave of selling, triggered by strong employment reports in the US since November 6, and the euro without hesitation broke the level of $ 1.08, which was giving it strong support throughout the summer.
The current position of the Federal Reserve and European Central Bank are opposed, so BBH experts expect continuing downtrend of EUR/ USD. Initially, the pair will reach the minimum from March of $ 1.0460, which opens the way to parity.