Markets have stabilized for now but nothing has been decided yet as they are waiting for the next China step. If markets go up I am going to sell EUR/USD but if they fall further I am going to buy the pair. There is a speculation out there that PBoC could make Reserve requirement ratio cuts as soon as this week possibly on Friday, according to CNBC.
China cut the RRR and in a surprise landing and deposit rate also. Stocks are mixed at the end of the day, so need to wait for tomorrow.