Managing currency risk

Hi Pat, I am an investor based in Europe and my IB account is based in Euro. I am trading US stocks so a lot of my account cash is in USD. At the moment a lot of the good gains I am seeing are being wiped out by the exchange rate as Euro has been strong over last few weeks and months.  Do you have a strategy or advice on how to best deal with FX risk? Do we just assume it irons out over time and sort of ignore and try trade well in the most active markets, with US being the most dominant at the moment? It would be good to know your thoughts on this altho I appreciate it may not be an issue for you as you are US based in US stocks   Cheers Kevin