EURUSD: the ongoing search for clarity?

Just pulling my own leg with that title! The closer I think I am getting to seeing all of the twists and turns, I still get analysis paralysis and wonder if I know anything at all. Anyhow, today was a great day, almost pip perfect in fact. The hourly bollinger band provided a steady backdrop to follow the correction into a close this afternoon and price seems to have moved out of its internal regression channels to the downside. For now, I am assuming that the move today was 'a' of a retracement to last week's drop which I am calling 'A', to be followed' b & c' of 'B', before 'C' down in a bigger degree 'B'. Anything too much lower than this morning's low and I'll relook but for now, that's the game plan. The part of the storyboard that has me chancing a larger net short at the moment is that I have both the daily and 4hrly trend bands (not shown) in a bearish stack and if the price action pushes south, so will the hourly and 15 mins too. With the regression median from 1.2041 sitting at this morning's lows, that sets up quite a cliffhanger with momentum behind it, if the market so wished to throw itself over the edge. See the weekend review for more details.