Europe's common currency is struggling on Tuesday but its medium-term correction goes on against the Aussie. Although the price seems to be aiming for 1.6100, we might see a bounce back. In that case, the recent top at 1.6140 and then 1.6160 levels should be followed. Onwards up, 1.6200 in the vicinity of the 50 percent Fibonacci retracement will come into focus as the US prepares to postpone tariffs on EU automotive industry.