Short EUR/USD since 1.39

[B]My picks:[/B]
[B]Average Time Frame of Trades:[/B]

I have been short EUR/USD since yesterday and I’m currently holding a floating loss of 30 pips. Yet, I expect the EUR/USD to remain under selling pressure on speculation the US dollar is oversold. My profit target is at 1.37 and my stop at 1.41. Indeed, “as the U.S. government budget deficit widens, investors are showing their distrust on US debt by requiring more yield for their loans. In fact, 10-year notes had their biggest weekly loss since January and the U.S. dollar dropped to new lows on both credit ratings and inflation worries. However, chances the US will lose its AAA rating are very low and we may see a reversal from dollar losses during this week”.