EURAUD Completes 1.6516 Rebound, Eyes 1.6108 Support Resumption

EURAUD has completed its corrective rebound from the May 18 low at 1.6108, peaking at 1.6516 on June 10 after clearing 1.6381 and the 100% projection at 1.6459. The pair is now consolidating above 1.6334, with the latest daily outlook viewing the three-wave advance as finished and downside pressure resuming toward 1.6108/1.6186. Short-term bias stays neutral while 1.6334 holds, yet the medium-term structure remains bearish below 1.6842, keeping the 1.5913 retracement target intact.