I have the birdwatching ebook and would support the view that it is one way to take on the markets. Not my chosen way but I could make it work if I liked it a bit more
IMHO a nice way to deal with the euro is to trend trade it although when I was doing it I was trading the european morning and then taking the rest of the day off. The US morning could also be trendy as long as the news at 8:30 didn't hammer it with too big a shock ... big shocks often leave the bell ringing and make day trading trends a poor choice.
If you do want to day trade the euro trends then a method of buying pull backs in the trend (I used to use 5 minute bars for my base timeframe) will work. The "Floor Traders Method" which is free from NQoos site worked well for me. You can find it for free here:
Trade Setups for trading futures, stocks, options...NQoos