Both teams have very important players. Belgium's golden generation continues. Strong contenders for the championship. On the other hand, Portugal has names such as Cristiano Ronaldo, Bruno Fernandes, Jota. I like the plays of all three football players. Especially those who watch Cristiano Ronaldo live will talk about this with pride in the coming years. Belgium v Portugal has no favorites. I think Belgium is the closest team to a win.
It's not going to be cakewalk for Belgium. For sure they are the no.1 ranked team (as per the FIFA rankings) and Portugal is not even in top 3 (they are behind Belgium, France and England). But I would rate Cristiano Ronaldo as the best forward playing in this edition of the Euro Cup. The advantage for Belgium is that they have a great defense (and the same can't be said about Portugal) and they are not over-dependent on any player. But if the match goes to penalty shootout, then I would say that Portugal will be having a better chance.