More Sizeable Mkt Moves May Follow

More sizeable mkt moves may follow says a trader after reports that European officials are considering a delay to all or part of the second Greek bailout package. Says "equities are looking very toppish and there has been a collapse in front-end vols on most crosses." That means the market is very unsure about directionality in the coming weeks and this type of behavior is a precursor to large moves, the London-based trader adds. EUR/USD now off its lows at 1.3094.