I'm also new to lps and my first euphyllia almost died!
I thought that because my lighting was not that high (3 T5s and 1 T8 daylight) I placed him right up top. Bad idea....He opened up for the first day, then for the next few weeks, he wouldn't come out at all. I also had a small algae problem that turned big after introducing the new euphyllia and that algae grew all over the torch and he retracted further. Now he's just alive, and recovering.
I bought a hammer a week ago, and learning from my mistakes put him right on the bottom, and only had ONE purple actinic on for the entire daytime. He was fully open the next day, so I turned the daylight on, then over the next day turned the rest on and moved him up to the top over a week. He's happy and eats anything I give him.
Did you light aclcimate him? If you didn't then just switch on one light and place him at the bottom like I did.
(One other thing I realised is that my first euphyllia was put in a bag of water while my second was wrapped in wet paper. The first one didnt have any stress slime on it but my second one did. Does the slime act as some protection, preparing it for acclimation?)