Currency pairs are the primary tool in the foreign exchange market and are used to measure the value of one currency against another. A pair consists of a base currency and a quote currency, such as EUR/USD, where the euro represents the value against the US dollar. Pairs are traded in three main categories: major pairs like USD/JPY, minor pairs like EUR/GBP, and exotic pairs like USD/TRY. Traders rely on market analysis to determine price trends, whether through technical or fundamental analysis. The movement of pairs varies based on supply and demand, economic news, and monetary policies. Understanding currency pairs is essential for making profits and reducing risks in the volatile and fast-paced foreign exchange market #EUR #USD