More and more frequently, currency analysts predict a spectacular upward correction for the EUR/USD pair.


Now the pair is trading steady even despite yesterday�s report which showed a further slowdown in the eurozone consumer price growth. Investors are still apprehensive of buying the greenback.


Amid the current worldwide trend, low inflation levels have become a common problem. The lowering of inflationary expectations is a concern for the U.S. Federal Reserve. The statement of Saint Louis Fed President James Bullard about delaying the end of the bond-purchase program to halt a decline in inflation expectations confused the trader community further.


The EUR/USD pair continues to trade sideways around the mark of 1.28. Some strategists anticipate that the pair has potential to go up the resistance level of 1.2915.


However, most analysts still bet on a downward movement of the currency pair on the back of today's statistics on the U.S. construction sector and Fed Chairwoman Janet Yellen�s speech. It is clear that the eurozone and United States differ in their directions, and further confirmation of this tendency will serve as a driver to U.S. dollar purchases. The nearest target is the level of 1.27.�