There are no relevant data due for publication today. Therefore, economists at Commerzbank expect the EUR/USD pair to trade sideways close to parity until the Federal Reserve meeting scheduled on Wednesday.

Trade in EUR/USD lacking momentum

“EUR/USD investors have to be patient for a little longer as the US central bank decision is not due until tomorrow.”

“As only second-tier data publications are due on Tuesday, the EUR/USD pair is likely to trade sideways close to parity until the Federal Reserve meeting.”