The pair is expected to grow
Presumably, a bullish impetus within the wave С of 2 of senior level is still developing. Apparently, a local correction in the form of the fourth wave iv of C has finished forming locally. If the assumption is correct, the pair will continue growing to the levels 1.6000–1.6170. The level 1.5660 is critical in this scenario.
Buy the pair from corrections above the level of 1.5660 with a target at 1.6000–1.6170.
Breakout and consolidation below the level of 1.5660 will allow the price to continue declining to the levels of 1.5600–1.5500 within correction.