Keep in mind that the Euro has a lot to deal with, not the least of which will be the Brexit but there has been a lot of positive build the due to idea of Germany backing all of the bonds in the EU. If that is going to be the case, that it becomes more “federalized”, that takes quite a few the concerns about the Euro off the table. This should in theory at least be good for the Euro, but the US dollar being the safety currency will continue to get a bit of a bit, and at the very least we are overstretched.