FXstreet.com (Barcelona) - EUR/USD has been trading in a range below 1.4900 during Asian session, on recovery from 1.4820 Friday's low, after decline from levels right below 1.5100 on the back of better than expected U.S. Non-farm payrolls report, which increase the odds for tighter monetary policies by the Federal Reserve.

At the moment, the Euro trades around 1.4870 after failure to break initial resistance at 1.4900, and above there, next resistance levels lie at 1.4965/80 and 1.5000 (psychological level). On the downside, support levels lie at 1.4820 (Dec 4 low), and below 1.4795 (Nov 20 low), 1.4730/40.

EUR/GBP dropped on Friday from 0.9110 area to 0.8990 low after U.S. non-Farm Payrolls report, and the pair ticked up to trade in a range between 0.9020 and 0.9045 during Asian session. Resistance levels lie at 0,9045/55 and 0.9110. On the downside, support levels are 0.9000 and 0.8975.

.