https://www.dailyfx.com/forex/fundamental/forecast/weekly/EUR/2021/07/18/Euro-Forecast-EURUSD-Price-Outlook-Still-Negative-ECB-Meeting-in-Focus.html
Fundamental Euro Forecast: Bearish
The European Central Bank’s Governing Council will announce its latest decision on Eurozone monetary policy this coming Thursday and all the indications are that it will be one of the last major central banks to tighten policy after the slump caused by the coronavirus pandemic and subsequent recovery.
If that continuing dovish stance is confirmed by the ECB and its President Christine Lagarde at her post-meeting news conference, the current weakness of EUR/USD will likely persist even if some of this narrative has already been priced in to the exchange rate.