I have read enough threads about foreign currency baskets and related systems, but most do not make much sense to me.Leaving automated systems aside, I think it would be interesting to talk about combinations of 2-5 pairs that better reflect how the market is moving lately.This could be useful for those who seek to capture a movement of a currency without depending exclusively on the main peers such as EUR/USD.The main torque can be raised, but also assign some capital to other peers that can still have a tour.For example: EUR: 1. EUR/USD 2. EUR/GBP 3.?4.?5.?Isn't there Eur/JPy?Because?Because lately, EUR and JPY have operated with a "Risk On" and "Risk off" dynamic in the market.If the EUR is collapsing due to the global bag rally, the EUR/JPY could be stable because the pairs with JPY would also be climbing.Another example: JPY: 1. USD/JPY 2.Is it a Japan's own event or a reaction to risk aversion?Depending on the context, this list could be reduced to only 2-3 pairs, since sometimes a basketball with less pairs makes more sense.I think you can make ready for each main currency with adjusted versions according to the factors that are promoting the market at that time.Against all this is the eternal debate: "Why ruin your advantage with a Hedge?"