EUR/USD: 27 Apr 2026 - Elliott WaveEuro/US DollarFX:EURUSDKap_WavesEUR/USD: 27 Apr 2026 - Elliott Wave Summary: The chart suggests EUR/USD has likely completed a corrective decline and is transitioning into a new impulsive bullish sequence. Price appears to have finished a complex ABC correction into the March low area, followed by a five wave recovery structure through April. The recent pullback labeled wave (4) seems corrective rather than trend reversing, indicating the pair may now be preparing for wave (5) higher in the short term. If momentum confirms, this short term advance may then evolve into a larger degree wave ③ or C, targeting a continuation toward the upper resistance zone. The projected path shows two bullish scenarios: Immediate push higher toward the 1.1900 region as wave (5) Extension into a stronger medium term rally toward 1.2050 to 1.2080 as higher degree wave ③ or C Conclusion: Bias remains bullish while price holds above the recent wave (4) low. Current structure favors continuation higher after the pullback, with upside momentum expected to strengthen if resistance near recent highs is broken. Key Level: Support: 1.1660 to 1.1680 Invalidation: Below 1.1600 Target 1: 1.1900 Target 2: 1.2050 to 1.2084