EURUSD falls below key technical levels with US NFP in the barrel

• EUR/USD slipped back below 1.0800 as bearish pullback gains strength.
• Mixed US data reignited fears over a possible recession in the US.
• US NFP jobs report in the pipe for Friday, market attention fixed squarely on hiring numbers.

EUR/USD lost a foothold above key technical levels on Thursday, slumping below the 1.0800 handle after a miss in US Purchasing Managers Index (PMI) figures sparked fresh fears of worsening economic data signaling the possibility of a hard landing scenario in the US economy.

Forex today: Markets’ attention shifts to US NFP