The EUR/USD pair shows a slight negative bias trading below the mid-1.1500s during the Asian session on Monday, driven by a modest increase in the US Dollar. However, the pair lacks strong bearish conviction. Spot prices are near the highest level since October 2021, with the recent surge reaching around the 1.1630 area last week. As traders await the critical FOMC policy decision on Wednesday, market participants should be cautious before making fresh directional bets. This backdrop of upcoming risks shapes the trading landscape for investors strategizing around this currency pair.