Why is there an obsession with E/U? One analyst after the other keeps blogging their analysis and charts. Others will post their buy/sell recommendations. Discussions of these blogs sometimes run into several pages. The pair continues to be kind of unpredictable (at least to me) and I cannot help wonder why is everyone chasing this one. Granted that this pair is the most traded, but so what?
The JPY crosses have been so much easier to trade in the recent past. Not too many surprises occur, The Japanese policy is clear and so is the direction of price.
If there is a prestige involved in trading E/U, then let me know as well. If however the motto is to make a certain no of pips per day and then close the terminal and do other things, then trade some other instrument that is easier and not stressful.
Just my opinion.