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Back Wave analysis
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Back Wave analysis
EUR/USD Analysis on January 29, 2026
The wave count on the 4-hour
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The wave count on the 4-hour chart for EUR/USD has undergone minor changes, but nothing fundamental has changed. There is still no talk of canceling the upward trend segment that began in January of last year; only the internal wave structure is periodically adjusted. In my view, the pair has completed the formation of the global corrective wave 4. If this assumption is correct, the formation of wave 5 has now begun and is ongoing, with targets extending as high
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Chin Zhao,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
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Alexander Dneprovskiy
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