EUR/USD: ING says euro should continue to weaken in short-term and fall towards 1.0820

ING remains bearish on the EUR/USD on the forex in the short-term and believes the pair will head towards 1.0820.

"We believe the USD will hold onto recent gains, with a DXY that will continue to evolve near its 7-month peaks (98.00-99.00).

The bearish momentum of the EUR/USD should remain in place, and we expect a move to 1.0820. It seems difficult to resist the post-Draghi bearish momentum after the break at 1.09."