Swissie's daily range of nearly 400 pips on the ECB day was the largest since March and the second largest since the removal of the EUR/CHF floor in January. In line with the Euro strength, the pair extended its pullback and convincingly broke below 50 DMA yesterday.

It is currently stalling above 100 DMA and 61.8% retracement of the October - November upswing. 200 DMA and 76.4% retracement are found about 150 pips lower. 0.9950 - 1.000 area shall now act as a resistance in the near term.

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