EUR/CHF is recovering from 1.4809 overnight low, presently at 1.4835. As mentioned late last week there is talk of 1.4800 barrier option interest. Some also feel 1.4800 could be the line in the sand the SNB draws, so some caution not overly surprising.
The market will be on high alert for signs of SNB/BIS action at the start of the New Year.