I expect the ECB not to make any changes, this is due to the Strategic Review Report which they released recently (June Meeting), European policymakers made it clear that they won’t be TAPERING (key word) anytime soon. Market participants anticipate a dovish tilt on the monetary policy stance.
I expect the ECB to increase quantitative easing to stimulate the EU Zone. ECB will highly likely highlight more QE during todays press conference. With that am looking for Euro to be weaker