EURRUB pair

EURRUB is quite unusual, but still a popular tool for working on Forex; more and more brokers are including it in their trading terminals.

EURRUB - consists of the base monetary unit of the euro and the quoted ruble, that is, the price of the currency pair is directly linked to the euro exchange rate; if the euro goes up in price, the pair will also go up and vice versa.

There is an inverse relationship with the ruble exchange rate: the ruble becomes more expensive, the price of the currency pair falls, and accordingly, if the ruble exchange rate for EURRUB falls, an upward trend will appear again.

Despite some exoticism, ruble currency pairs on Forex are increasingly becoming popular, because you can follow the news almost in one Forex session.

News from Russia will influence the exchange rate of the Russian ruble, and news from the European Union will, accordingly, influence the exchange rate of the Euro, but one should not expect that any news will have a decisive impact on trend, some of these news contain forex calendar. Others can be found in news feeds; the main thing is to correctly assess the event that occurred.    

European trading session is perfect for Russian traders, all news is published practically in Moscow, including the European currency.

True, such trading is more suitable for fans of dynamic trading, since it is at this time that there is increased market volatility, but those who are used to trading more calmly can always choose a different time to work.  

Not every broker has the EURRUB pair; the average spread for this instrument is about 100-200 points, but this is in rubles.

Unfortunately, due to the high spread, this tool is not recommended for scalping; in addition, there is a high probability of a drain when Russian news is released.

But there are other Forex strategies that are perfect for the EURRUB currency pair.