Getting Long the Euro

I've mentioned the intention to go short the CAD over the past several weeks, and also my intention to go long the Euro during the past couple of weeks.

I opened two small long positions in the Euro today: against the USD at 1.265xx and against the CAD at 1.290xx. These are position I hope to get the opportunity to grow: on my short Euro trade, closed last Friday, I got so lucky on the timing that I never got in a position where I could add to my trade comfortably, unfortunately.

The Euro is at a historical low against the CAD and at a strong resistance level against the USD. Let's see what the future brings us.

Here are two long term charts:

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