Geopolitical risks are set to helping the Swiss franc. Economists at ING believe that the EUR/CHF pair can move below the 1.04 level.

SNB seems more relaxed towards a stronger CHF

“EUR/CHF may continue to stay pressured in the week ahead given its high exposure to the Ukrainian crisis.”

“Incidentally, a Swiss National Bank that seems more relaxed towards a stronger franc and widening EZ peripheral spreads all point to more weakness in the pair.”

“A break below 1.0400 looks likely in the coming days.”