MARKET TALK: EUR/USD May Drift To 1.2950, Even 1.2870 -ING

EUR/USD may drift to 1.2950 and even 1.2870, ING says as delays in Greece's bailout package is hurting investor sentiment and pressuring assets closely correlated with investors' risk appetite. ING says a failure to agree on the bailout at the Eurogroup's next meeting Monday would unleash another round of euro selling as investors will likely take a grim view on Greece entering election season without funding. "Failure to secure such a deal Monday would be a big negative," bank adds. EUR/USD at 1.2991.