TECHNICALS-Forex market outlook and key levels
LONDON, June 27 - Following is a selection of comments from analysts on important technical developments in the foreign exchange market.
KAREN JONES, TECHNICAL ANALYST AT COMMERZBANK
* EURO/DOLLAR: "The euro continues to recover and is poised to challenge the medium term downtrend at $0.8660. Interim support at $0.8580/90 keeps upside pressure maintained on the trendline to yield. A break above here will signal an advance to $0.8745 then $0.8225/60."
* DOLLAR/SWISS FRANC: "The dollar sold off to, tested and held the 1.7585/70 supports. This remains key near term support for the market. It has held the initial test, however rallies need to clear 1.7710/60 in order to negate this near term correction lower and signal a recovery to 1.7840/65 -- the break point for 1.8070.