ING Research maintains a bearish bias on EUR/USD into the end of the week.

"We think downside risks should prevail today for EUR/USD, given the resurgence of Russia-related risk premium on energy prices and the longer-term policy divergence/growth story," ING notes. 

"We still expect a move to 1.0900 in EUR/USD by the end of the week, with any decision among EU countries to reduce exposure to Russian commodities that could weigh on the common currency," ING adds.