TheTradingRoom

1.1009 Buy For The EUR/USD

Long
OANDA:EURUSD   Euro / U.S. Dollar
On the EUR/USD front, our key 2-way level at 1.1000 is coming back into view. If we see a test of this area ahead of the weekend, a buying opportunity may come to pass.

Here's the trade:

1) Buy 1.1009
2) Initial stop loss at 1.0984
3) Risk vs reward is 1:1 for 25 pips

This will be the third time in the past week that this number has produced an opportunity and could be another successful trade.

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