Look out below: Draghi pushes euro to precipice

European Central Bank president Mario Draghi
Darrin Zammit Lupi | Reuters

There's one thing Super Mario is good at it — and that's pushing the euro down, but it will take the Fed to give it an extra kick lower.

The European Central Bank left rates unchanged in Thursday's meeting, but it was ECB President Mario Draghi's dovish commentary in the press conference that suggested to many that further easing will be taken in December if Europe's economic situation doesn't improve. That resulted in the euro breaking below $1.1180, a technical level that traders watch.

The euro vs. U.S. dollar fell even further in early trading Friday, trading just above $1.10.