Characteristic features of the EUR/USD pair
EUR/USD is a major currency pair, characterized by increased liquidity.
Factors influencing EUR/USD pair
The behavior of EUR/USD is some sort of an indicator demonstrating and comparing the economic situation in the US and Europe.
If the US economy grows stably while the EU has some troubles, the EUR/USD pair falls.
Conversely, if the USA slows down while the EU boasts good results, EUR/USD grows.