Ehwaz (Proto-Germanic): horse, or Ehwo: the two horses; Aíhws (Gothic):stallion; Eh (Old English): war horse; Íor (Old Norse, used only in occult contexts, and not found in the Younger Futhark): horse
Phonetic value: e Esoteric interpretation of name: the twin gods or heroes in equine aspect.
Ideographic interpretation: two upright poles bound together to symbolize the divine twins; also the sign of two horses facing one another.
Ehwaz represents the power of the twin gods. This power construct mirrors that of a dual form of Germanic kingship. Mythologically these beings were often depicted as horses, such as Hengist (stallion) and Horsa (horse), the Saxon conquerors of Britain. Also, the name of the Vedic twin gods, the Asvinau, literally means "the two horses." The forces that make up this dual construct have a harmonious relationship, as opposed to that of the Algiz Rune. The horse is a source of divine knowledge, and horses were often consulted by the ancient Germanic priests in divinatory rites.
This Rune has a spiritual quality closely connected to mankind (Mannaz). In Old Norse it is said: marr er manns fylgja (the horse is a man's fetch).The bind Rune formed by combining Ehwaz and Mannaz, called Em, means "I am."
Ehwaz aids in the journey between the worlds of Yggdrasill - the magician may literally ride its power through the realm of reality. Ehwaz is the Rune of Sleipnir, Odin’s eight-legged horse. Many runic talismans portray a man riding a horse as a symbol of integrated magickal protection, under the rulership of Odin. This is the otherworldly aspect of Ehwaz, but the horse is also connected with fertility magick, and therefore to Freyr, the god of fertility, peace, and sensuality.
This is a Rune of trust and loyalty. The spiritual relationship that a horseman develops with his horse is a good example of the strength of this Rune. There is a lot of power to be gained in this secret.
Ehwaz is the combination of two sympathetic, yet dually aligned forces or entities (such as body/soul, man/horse, man/fylgja) that work harmoniously together to accomplish the same goal.
This Rune is the symbol of the ideal man-woman relationship and therefore is the mystery of lawful marriage.
Movement that appears to block. Be certain that what you are doing - or not doing - is timely. There are no missed opportunities. You have simply to recognize that not all possibilities are open to you, that not all opportunities are appropriate. The opportunity at hand may be precisely to avoid action. If you are feeling at a loss, unclear about the need to act, consider what its timely to your nature and remember: What is yours will come to you.
--Copied word for word from The Book of Runes by Ralph H. Blum