MARKET TALK: Greece Could Push EUR/USD To 1.26 -SocGen

Greece could push the euro/US dollar rate to 1.26, as the bad news about Greece's bailout delays is starting to filter through to markets and price action after a surprisingly quiet few days in currency markets, Societe Generale says. The pair has slipped below major support at 1.3025 and a move back towards 1.26 seems likely, unless there is a significant thaw in the relationship between Greece and Northern Europe, the bank notes. "Rising oil prices bear a mention, too," it adds. EUR/USD is at 1.3001