EUR/USD has risen fast enough in recent days for RSIs to be overbought and the same is true of the Euro Stoxx index. 

A correction is a risk and at the very least, a period of EUR/USD consolidation is likely, while economic data aren’t that good, and the CFTC data suggests the speculative market is long Euros. 

Short-term, I’d rather own GBP than EUR, on positioning, and even on talk of ill-advised tax cuts which could nevertheless delay rate cuts.