The downtrend is still in play but it looks like it's also loosing strength. The new lows are slightly lower than the previous ones and it looks like it's time for a retracement.
Today, we expect to see another low and then a retracement.
In case of market going below 1,1200 and then bouncing off, that would be a good moment to close all of your short trades and possibly enter an aggressive long trade instead.
The target of this retracement will be 1,1360.
Today, we also expect high impact news for the USD and that could easily cause this move.