LONDON, July 3 - Following is a selection of comments from analysts on important technical developments in the foreign exchange market.
RAHUL BADHWAR, SENIOR MARKETING MANAGER, HSBA, BOMBAY, INDIA
* EURO/DOLLAR: "The euro failed to get above $0.8520 resistance and fell to test $0.8442. The $0.8440 level now turns to immediate support and $0.8520 as immediate resistance. Crucial resistance is at $0.8550 and then $0.8580/90. We continue to favour one more dip in the euro below $0.8408 low with target set at $0.8380/70. The first sign of this selloff will be a break below minute trendline support at $0.8440."