EUR/USD slumps to 1.07 as markets round the corner into Friday

• EUR/USD backslid to the 1.0700 handle on Thursday, erasing the week’s gains.
• EU PMI figures expected to rise slightly on Friday.
• US PMIs to wrap up the trading week, expected to tick lower.

EUR/USD fell back to familiar technical levels on Thursday, clunking down to the 1.0700 handle after a miss in US economic figures bolstered the Greenback. Friday markets loom ahead with a packed data docket, with Purchasing Managers Index (PMI) figures for both the EU and the US on the cards.

Forex today: All the looks will be on PMI reports