EUR/CHF hits fresh highs, testing 1.0800

FXStreet (Córdoba) - EUR/CHF found support at 1.0725/30 and rebounded, breaking above previous highs. Price reached at 1.0798 a fresh 1-month high as the Swiss franc drops across the board on a possible intervention by the Swiss National Bank.

Greece formally asked for an extension of the rescue program but details so far are unknown, an Eurogroup meeting will be held today or tomorrow. EUR/CHF rose further but pushed by a weak swissy and not because of a stronger euro. EUR/USD is trading at daily lows, below 1.1400.

EUR/CHF is testing the 1.0800 area as traders await more news on Greece and also European Central Bank minutes, that will be published at 12:30 GMT for the first time ever.