England with such performance but they are still quite trusted with the most probability to win

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But indeed it also cannot be denied because however for now the English players are really very good, it's just that Southgate's strategy is bad because it cannot maximize England's enormous strength at this Euro.
For Spain, Germany and France they are quite naturally also in the strongest candidates because although France is as bad as England where their game is quite boring, but it cannot be denied that in the end they have the quality of players above average.
I'm expecting another surprise from Switzerland in the quarterfinals. We know that Switzerland's performance in this Euro is worthy of appreciation. Holding Germany to a draw in the group stage and beating Italy has boosted their popularity and I want more in the quarter finals from Switzerland.
The only time obvious reason why England is the bookmaker’s favorite to win the title is simply because among the other power houses they have the easiest route to the final than the rest, there major concern was the defending champions Italy and they were eliminated early, aside this we can all see that bookmakers are going for a Spain or Germany triumph. Personally I feel this two football nations have proven that they can go all the way to win sadly one has to bow out to the other one in this last 8, any nation that comes out of this encounter will be favourite to win.
The other two power horses is the Portugal team and France team, both have the most perfect squad in the competition but haven’t performed too well this tournament, the 2016 finalists go up against each other and my favorite to win his the Portuguese national team. One thing they lacked in the past is the team unity and we all saw that in display against Slovenia when they went to penalties and they rally each other to victory. So I believe they will win this.
My two other underdogs for the title is Switzerland or The Netherlands, both are a huge surprise in this tournament already and have comfortably been victorious in the competition, with the uncertainty in the top teams any of them could just clinch the title same way Italy did it last edition