Effective Hedging against Currency Risk with Forwards

Maxwell Capital is a global investment firm that has significant holdings in European technology companies. The firm's CFO is concerned about the impact of currency fluctuations on the value of these investments, particularly due to the potential strengthening of the US dollar against the euro.

To mitigate the risk associated with currency movements, the CFO is considering a hedging strategy involving currency forward contracts. The goal is to lock in the exchange rate for future cash flows expected from these investments.

Given this scenario, which of the following strategies BEST serves the purpose of effectively hedging against currency risk associated with potential euro depreciation?