Part 1: Previous Session Review

On 2026-10-11, the desk remained in capital preservation mode and executed 0 trades. That was the right posture for a session with limited edge and no need to force exposure. The priority was to avoid low-quality entries, protect account equity, and wait for cleaner structure before committing risk.

Market conditions were not poor enough to demand defensive action, but they also did not offer a strong enough imbalance to justify new positions. In that environment, doing nothing was an active decision, not a lack of preparation. We continue to treat flat positioning as a valid outcome when price action is mixed and catalysts are light.

Part 2: Today’s Outlook & Watchlist

There are no high-impact red news events scheduled today, so the session should be driven more by technical levels, liquidity pockets, and broader risk sentiment than by headline volatility. That does not mean markets will be quiet, but it does reduce the probability of a scheduled macro shock.

Our main watchlist is EUR/USD and the DAX. For EUR/USD, we want to see whether price can hold above near-term support or if sellers continue to cap rebounds into resistance. Without a major data release, follow-through matters more than the first move. For the DAX, the focus is on whether buyers defend recent value areas or if profit-taking expands into a broader pullback.

The plan is simple: stay patient, avoid chasing, and only consider trades where the risk is clearly defined before entry. If spreads remain stable and price respects structure, there may be selective intraday opportunities. If movement becomes erratic without volume confirmation, preserving capital remains the preferred decision.