How outcome of EU summit and PMI data can affect euro and pound?

Signals for the EUR/USD pair:

The euro can increase to the area of 1.0853 and 1.0895, if the price breaks through the level of 1.0819.

A breakthrough at 1.0805 is likely to lead to a sell-off of the euro at 1.0770 and 1.0718.

Signals for the GBP/USD pair:

It the price breaks through the level of 1.2350, the British pound is likely to grow to 1.2417 and 1.2476

A breakthrough at 1.2298 may lead to a sell-off of the pound at 1.2245 and 1.2173

Fundamental data:

A series of composite PMI reports from Germany, France, the eurozone, and the UK are set for release today. Apart from that, the US will publish its initial jobless claims and manufacturing PMI figures.

The material has been provided by InstaForex Company - www.instaforex.com