FXstreet.com (Barcelona) - After moments of choppy post-nfp trading, the Euro is heading down and, from levels around 1.4265 the Euro dips to levels below 1.4235 intra-day low hitting 1.4212 so far.

At the moment, the Euro trades somewhat above 1.4190 (Sept 2 low), and in case of further decline, next support levels are 1.4175 intra-week low and 1.4155 (Aug 18 high). On the upside, above 1.4235 previous day low, next resistances could be 1.4250 and 1.4285 day high.

According to Nick Nasad, currency analyst at CMS Forex, the Euro has broken trendline support and could test week lows: EUR/USD is moving below the trendline that had been acting as support, and we now have a move towards 1.42 and possible a retest of the week's low below that.