Euro futures opened the week with a move toward 1.1835 before reversing as the U.S. dollar firmed and risk assets faced selling pressure. The currency fell back to 1.1790, ending the session nearly unchanged. This price action continues a steady decline observed since February 9, when the euro traded above 1.19. Despite testing levels above 1.18 in each of the last four sessions, the market has consistently settled below that mark. Volatility moved higher as rising uncertainty provided a bid for the CVOL index. Additionally, positioning data shows speculators have begun exiting net long positions as the downward trend persists.