The Euro is one of the major currencies of the world with 17 countries in Europe using it as their currency. Euro exchange rates and U.S currencies are among the most traded in the Forex market. Trading in the Forex market is done in pairs and Euro is one of the prime currencies that are often traded with other currencies. Forex trading has become one of the most lucrative trading platforms in the world and there are billions of dollars trades done on a single day. Most traders now prefer to trade in Euro due to its growing importance in the world. The decline of the U.S dollar has also contributed immensely to it been a preferred choice among traders. Although many countries in the European Union are having debt problems and are going through troubled times, it has not made the Euro unpopular. On the contrary traders are looking at new opportunities to make gains by trading in the Euro. Euro exchange rates have close links with the way U.S mar