For now, risk will stay on the upside as long as 1.6127 support holds, in case of retreat. In the bigger picture, fall from 1.7062 medium term top is seen as correcting the whole up trend from 1.4281 (2022 low). Deeper decline could still be seen to 38.2% retracement of 1.4281 to 1.7062 at 1.6000.