EUR/CHF gearing up for a big breakout?Euro / Swiss FrancFOREXCOM:EURCHFFOREXcomOil prices have collapsed but the euro hasn't found much love yet. There could also be delayed reaction to the oil moves. Oil prices have now fallen for several consecutive sessions as markets increasingly price in the Iranian supply returning to global markets. Lower energy prices are generally positive for economies that rely on imports, including the Eurozone. That could provide some support for the euro in the weeks ahead, and not just against the dollar. The euro could also appreciate against the Swiss franc. With oil prices collapsing and geopolitical risks being priced out of markets, defensive positions like long swift franc should come under pressure. We could therefore see a bullish breakout above the key trend line on the EUR/CHF. Keep an eye on this pair! By Fawad Razaqzada, market analyst with FOREX.com