A precise knowledge of solar extreme ultraviolet (EUV) irradiance is of great importance for better understanding of Earth′s ionosphere and thermosphere. The search for an ideal solar EUV proxy is vital since the ionospheric and thermospheric models are based on the solar proxies of EUV radiation. In this study, the phase asynchrony analysis of solar EUV data with other solar activity indices during solar cycle 23 is done. The cross-wavelet transform (XWT) technique is used to reveal the phase difference between the two time series of solar indices. Analysis reveals that the phase relationship between the indices is both time and frequency dependent. The solar indices F10.7 and Mg II core-to-wing index are found to be more synchronous with solar EUV data for low frequency components.