Euro futures saw a significant reversal to start the week, rallying north of 115 and erasing the losses sustained during the previous Friday. This upward movement followed a reduction in Middle East tensions, which influenced oil prices and pressured the U.S. dollar. Data from the CVOL index indicated that volatility decreased as prices recovered from recent lows. Regarding market positioning, the latest data shows that speculators have been consistently exiting net long positions since the multi-year highs reached in early February.