EUR/USD traded higher to near 1.1430 ahead of the European Central Bank’s monetary policy announcement. The ECB is expected to keep policy rates steady after a 25-basis-point hike in June, and investors will focus on the policy statement and President Christine Lagarde’s press conference for cues on second-round inflation risks. According to a Reuters report, traders price in two more rate hikes this year. The US Dollar faced marginal selling pressure despite surging oil prices, while technical analysis showed the pair rebounding to near the 20-period exponential moving average at 1.1433, with a bearish flag pattern suggesting rallies remain vulnerable.