- EUR/USD went into a consolidation phase below 1.0800 after posting gains on Thursday.
- Nonfarm Payrolls in the US are forecast to rise by 180K in November.
- A disappointing jobs report could weigh on the USD ahead of the weekend.
EUR/USD benefited from broad-based US Dollar (USD) weakness on Thursday and registered daily gains for the first time since November 28. Early Friday, the pair holds steady slightly below 1.0800 as market participants refrain from taking large positions ahead of the US November jobs report.
The positive shift seen in risk mood made it difficult for the USD to find demand in the second half of the day on Thursday and allowed EUR/USD to inch higher.