EURAUD Holds Neutral Consolidation Below 1.6617 into July 9

As of July 9, EUR/AUD remains in neutral intraday consolidation below 1.6617 while holding above the 1.6306 pivot that has supported the rebound from 1.6108. The same range-bound structure has persisted since early July after the pair retreated from its 1.6617 peak, with daily outlooks repeatedly noting that a decisive break above 1.6617 would target 1.6842. The broader technical picture stays bearish as long as 1.6842 caps upside, keeping downside risk focused on the 61.8% retracement at 1.5913 and ultimately the 2022 low at 1.4281.