Spain 1.68 top Euro team seems too good to be true!

If you look at the draw, Spain have got an excellent chance of qualifying for the semi-final. however, Holland are playing brazil and germany argentina! The good thing for Spain is, if they both get through (Spain and Germany) they'll play each other and Spain would be a 2/5 shot imo to qualify.

I cannot see Holland getting past Brazil. So if i am right 1.68 seems way to high!