The price remains under heavy pressure from sellers. Attempts to correct the situation end in failure. It is clear that the price will continue to decline. This scenario is driven by the completed upward zigzag consisting of two diagonal triangles. The final one, formed as wave C, is a strong signal for a significant move, in our case downward.

Therefore, it is recommended to keep previously opened short positions active and, if possible, consider entering additional sell trades. The minimum target for the move is at the end of wave b.

Recommendations: SELL 1.1745, SL 1.1770, TP 1.1570.