EUR/USD, GBP/USD await key PMI data from Europe and UK sessions

EUR/USD trades sideways near 1.0500 ahead of crucial flash PMI releases from France, Germany, and the Eurozone during Tuesday's European session. Markets are closely monitoring these indicators following the ECB's completion of its easing cycle, as the central bank shifts to observing economic developments through year-end. GBP/USD remains rangebound around 1.3200 as traders await UK PMI data, with the Bank of England maintaining a hawkish pause while seeking additional data before considering policy adjustments. The manufacturing and services PMI readings will provide insights into economic momentum across major European economies. Strong PMI figures could support the euro and pound against the dollar, while disappointing data might pressure both pairs lower. Technical levels show EUR/USD facing resistance at 1.0550 and support at 1.0450, while GBP/USD encounters resistance near 1.3250.