The EUR/USD exchange rate has suffered a harsh reversal in the past few days as investors focus on the upcoming US non-farm payrolls (NFP) data. The pair retreated to a low of 1.1055, down from this month’s high of 1.1200. European economic dataThe EUR/USD pair retreated after the latest European economic data. A report by the German statistics agency showed that the country’s import price index retreated in August, raising concerns about the economy. The index dropped by 0.4% in July after growing by 0.4% in the previous month, missing the estimated 0.1%. This slowdown translated to a YoY inc…