Todd Colvin unpacks the latest price action in Euro FX futures, which had a choppy session and settled near 1.1612 following the ECB's decision to hike rates by 25 basis points. With no clear guidance from President Lagarde on future moves, the market remains range-bound between 1.1550 and 1.1650. Colvin also highlights the CME Group Volatility Index (CVOL), noting that implied volatility remains firm across asset classes amid ongoing geopolitical tensions in the Middle East. Looking ahead, focus shifts to the U.S. Consumer Price Index and its potential impact on next week's Federal Reserve meeting.