FXstreet.com (Barcelona) - The Euro, which had reached intra-day high at 1.4345 moments ahead of the CB monetary Policy decision, has returned to levels below 1.4300 on the back of Jobless Claims and Trichet comments about the Bank's monetary policy.

On the downside, initial support could be at 1.4285/95 area, ansdd below here, 1.4255 (Aug 31/ Intra-day low) and 1.4190/95 intra-week low. On the upside, initial resistance lies at 1.4345/50 intra-day high, and above here, 1.4388 (Aug 28 high) and 1.4405 (Aug 27 high).