We are seeing a nice rebound from the 0.618 fib.level, continuing the downtrend from 16th of October, there is still potential for the continuation of the trend. I'm shorting until the 1.13000 level and from that point onwards we will see if there will be another big correction happening to form the second shoulder of the inverted head and shoulders or if the pair will keep falling until the 1.12200 key level.