ECB Raises Rates 25bp, EURUSD Bearish Bias Remains Intact

The ECB delivered an expected 25 basis point rate hike with President Lagarde taking a hawkish stance, citing rising inflation risks and the need to preserve price stability despite geopolitical uncertainty. EUR/USD maintains its bearish bias despite the rate increase and hawkish messaging. Traders should monitor for continued weakness as the market appears to have priced in the hike with broader bearish sentiment persisting.