EUR/AUD May Continue Moving to the Upside

EUR/AUD has been retracing for the past few days ever since it found some support at 1.5275 and bounced off from that level. The question is whether that retracement will continue because the pair also found resistance at 1.5560 and formed two clear shooting star candlesticks at that level on the daily time-frame. If EUR/AUD does bounce off from the aforementioned resistance there could be a new move to the downside towards the last low at 1.5275. On the other hand, if it breaks out above the resistance at 1.5560 the move to the upside will likely continue towards the closest target, which is around 1.5600.