Greece extension might trigger a further bounce in EUR – SG

FXStreet (Barcelona) - Kit Juckes of Societe Generale, views that a bailout extension for Greece combined with improvement in Eurozone data would lead the EUR to bounce higher.

Key Quotes

“In the very short term, (the next few weeks) a bailout extension for Greece, agreement by the ECB to extend funding for the banking sector, and a continuation of the improved tone to high-frequency economic data, may well trigger a further Euro bounce. Positioning is still extreme. But all this is just a staging post before weakness sets in again.”