EUR/CHF seems to be recovering, ING's FX analyst Chris Turner notes. 

Upside risks to EUR/CHF may be growing

"Again the Ukraine story may be playing a role given that EUR/CHF was trading above 1.05 before Russia invaded Ukraine. A softer Swiss inflation print today and the prospect of even lower inflation next quarter (the Swiss National Bank forecasts the YoY rate dropping to 0.2%) warns that upside risks to EUR/CHF may be growing." 

"We could see 0.9500/9520 this week as investors reprice for some positive Ukraine news out of this weekend's Munich security conference."