The $GER40 and the upcoming ECB decision

Given the current $GER40 trading at 25010.5, hovering near its daily low, and the persistent inflation narrative in the Eurozone, I'd assign about 65% probability to the ECB maintaining its current hawkish stance in their upcoming statement. While the daily range has seen some upside, breaking above 25500, the broader sentiment remains cautious. A prolonged hawkish tone could easily see $GER40 test the lower end of its recent range again, possibly breaching 24800 by month-end if the market takes it poorly.