In the forex market, the EUR/RUB symbol represents the currency pair which trades the Euro against the Russian ruble. This is an exciting forex pair with high volatility and liquidity that can offer numerous opportunities to generate pips, as long as it is traded with effective fundamental and technical expertise. The Euro is the second most traded currency in the forex market, next only to the US dollar, and enjoys high levels of liquidity as well. It is also considered a reserve currency like the USD, because of the perceived strength and stability of the Eurozone economy - one of the leading developed economies of the world. The EUR is the official currency in use across 17 of the 27 member nations that form the European Union.The RUB, on the other hand, is the official currency used across Russia and is one of the oldest currencies still recognized as legal tender. The Russian economy is heavily dependent on exports, particularly of crude oil, natural gas, precious metals, as well as agricultural commodities. As a result, the value of the Russian ruble experiences considerable fluctuation based on the prices of these exports, especially changes to the price of crude oil. For instance, whenever crude oil prices decline, the value of the RUB weakens, causing the EUR/RUB to trade bullish, and vice versa.