The pair is slowly entering the stabilization phase in a 150 pip range and has been building a base just below 0.87 this morning. I expect it to reach at least 0.90 in the next 48 hours, however, a sudden drop of 100 or more pips is not ruled out.

SNB's decision last week caused a large "earthquake" in financial markets all over the globe and we can still expect some smaller magnitude "aftershocks" before Swiss franc is fully stabilized. It is still extremely overvalued at the moment.

Great opportunity for some quick scalping today but be very cautious!
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