CHF-1.3008 9th Dec,2005 Pre-European Update. No change in view. Swiss also has declined as expected but fell directly from 1.3080 while we were expecting 1.3100 to go short. However a break below 1.3000 came in little quicker than expected. For now the currency should stay below 1.3070 for one more decline towards 1.2950 to be seen. So prefer selling on raise near 1.3050 for the above said target to be reached.
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