After Testing intra-dday highs at 0.9260, the USD&CHF has fallen quickly with more than 90 pips in the last two hours to reach levels below 0.9200 and trade close to 0.9180.

Currently the pair is pricing at 0.9185, 0.22% below today's opening price action.

The correlation with the EUR/USD has worked well in this movement as usual, the EUR/USD around 110 pips in the last hours and currently is trading at intra-day highs close to 1.3135.

Papademos will meet with Troika later today. "the bias is probably for good news but I wouldn't be buying EUR on speculation of a deal," Says Forex Live. "Papademos is meeting other politicians tomorrow so that says there is no deal yet."