As traders expect, the euro stabilises near $1.09 Jobs Report for June

On Jobs Days, traders will respond to June's nonfarm payrolls. They expect 240,000 new jobs to be added.

The EURUSD pair moved slightly up early on Friday, with the European currency adding about 60 pips from yesterday's low of $1.0830 to trade just under $1.09. As the market gets ready for a new set of data, the dollar showed some general signs of softness.

It's the first Friday of the month, which can only mean one thing: nonfarm payrolls are due! Today, the jobs report for June will come out. It will show how many new people got work in the United States. Wall Street has set its sights on what 240,000 people think will happen.

If the number is reached, it will mean that people are being hired at a slower rate than in May, when 339,000 people were hired. In this situation, the EUR/USD is likely to have some ups and downs, based on what the data shows. The pair has been mostly stable around $1.09 for the last week, perhaps waiting for a chance to break out.