EURRUB pair

EURRUB is a rather unusual, but still popular, forex trading tool; more and more brokers are including it in their trading terminals.

EURRUB consists of the euro base currency and the ruble quote currency. This means the currency pair's price is directly linked to the euro exchange rate; if the euro appreciates, the pair will also appreciate, and vice versa.

The ruble exchange rate is inversely linked: as the ruble appreciates, the currency pair's price falls. Consequently, if the ruble depreciates, the EURRUB exchange rate will resume its upward trend.

Despite their somewhat exotic nature, ruble currency pairs are becoming increasingly popular on Forex, as they allow you to follow the news practically during a single 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 influence on trend, some of this news contains Forex calendarOthers can be found in news feeds; the main thing is to correctly assess the event.   

European trading session It's perfect for Russian traders, with all the news coming out practically from Moscow, including the European currency.

True, this type of trading is more suitable for those who prefer dynamic trading, as this is when market volatility is highest, but those who are used to trading more calmly can always choose another time to work.  

The EURRUB pair isn't available with every broker. The average spread for this instrument is around 100-200 pips, but that's in rubles.

Unfortunately, due to the high spread, this instrument isn't recommended for scalping. Furthermore, there's a high risk of losing money when Russian news is released.

However, there are other forex strategies that are well suited for the EURRUB pair.