The EURUSD did indeed, as anticipated yesterday, bounce for a major rally at the wave X (magenta) level. This is most likely a wave Y (blue) of a wave 4 (orange),which usually ends at the 38.2 Fibonacci retracement level (blue).
The EURUSD is in a sideways correction, which is most likely a wave Y (blue) of a wave 4 (orange). Usually waves 4 end at the 38.2 Fibonacci retracement level and hence I am expecting that price is still in wave Y’s (blue and magenta).