EURUSD: Sweep Down Before Monthly Move Higher

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EURUSD: Sweep Down Before Monthly Move HigherEUR/USDOANDA:EURUSDjosselianiThese are monthly diagonal levels. A new month has started, and new diagonal levels for May have been formed. Price has already reacted from the upper orange boundary and is currently showing signs of a potential move downward. The downside targets are: first — a break of the grey diagonal, then — a move toward the green support line. Since this is a monthly structure, the timing is uncertain. The longer price takes to reach the green level, the higher this target will shift. In my view, there is also a possibility of filling the gap from April 8 before a move upward.