FOREX Forex · Euro · Updated June 2026 · ~4 min · For TradingView desktop 3.2.1
Euro Crosses: Relative Strength in EURJPY and EURGBP
EURUSD blends two factors: "euro strength" and "dollar strength." To isolate the euro itself, look at USD-free crosses — EURJPY, EURGBP, EURCHF, and so on.
Two important crosses
- EURJPY (euro/yen): the yen is a safe-haven, so EURJPY is often a barometer of market risk sentiment — it rises with risk appetite and falls in risk-off;
- EURGBP (euro/pound): reflects the relative strength of the eurozone vs the UK (ECB vs BoE divergence, post-Brexit economic comparison).
How to use it
If EURUSD rises while EURJPY and EURGBP also rise = the euro is broadly strong (the euro itself). If only EURUSD rises and the crosses don't = it's really dollar weakness, and the euro is just passive. Use crosses to verify the identity of EURUSD's move.