22 Jul 2015
EUR/USD could test 1.10 on Greek headlines – Societe Generale
FXStreet (Edinburgh) - Kit Juckes, Strategist at Societe Generale, argues the pair could visit the 1.10 in case of a favourable outcome from the Greek parliament today.
Key Quotes
“In Europe, the second batch of legislation that needs to be passed by the Greek parliament under the terms of the bailout, provides an opportunity to fret about the degree of reliance on the opposition, but probably nothing more will come of it”.
“If EUR/USD were still down at 1.0820 the easy conclusion would be that successful passage could give the Euro a lift”.
“At 1.0950, with the short-covering in full flow, it’s more a question of whether 1.10 holds and a new mini-range is established”.
Key Quotes
“In Europe, the second batch of legislation that needs to be passed by the Greek parliament under the terms of the bailout, provides an opportunity to fret about the degree of reliance on the opposition, but probably nothing more will come of it”.
“If EUR/USD were still down at 1.0820 the easy conclusion would be that successful passage could give the Euro a lift”.
“At 1.0950, with the short-covering in full flow, it’s more a question of whether 1.10 holds and a new mini-range is established”.