Top 3 trade ideas for 29 July 2026

Trade ideas for EURUSD, XAUUSD, and EURJPY are available today. The ideas expire on 30 July 2026 at 8:00 AM (GMT +3).

EURUSD trade idea

The EURUSD pair is showing volatile movements, consolidating after its recent recovery. Despite the local correction, the main trend remains bearish, while current levels do not offer an attractive risk-to-reward ratio for opening short positions. In the current situation, the preferred scenario remains selling EURUSD as the price rises. The key resistance level is 1.1425, from which quotes may resume their decline if selling pressure persists. The EURUSD trade idea for today suggests placing a pending Sell Limit order.

The EURUSD news background shows bearish expectations prevailing at 64% versus 36%. The risk-to-reward ratio is 1:5. The potential profit is 60 pips at the first take-profit target and 75 pips at the second, while potential losses are limited to 15 pips.

Trading plan

• Entry point: 1.1425
• Target 1: 1.1365
• Target 2: 1.1350
• Stop-loss: 1.1440

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XAUUSD trade idea

XAUUSD performance is mixed, with prices failing to establish a sustained directional movement over the past 25 trading days. Gold is currently trading within a corrective channel, while the trendline near 3,969 USD serves as a key support level for buyers. A breakout below this mark could intensify selling pressure. Selling gold on price rises remains the preferred scenario, as the current technical structure continues to carry bearish risks. The nearest significant resistance level is located at 4,061 USD. Upcoming economic data could further impact XAUUSD prices, potentially changing market expectations and increasing volatility in the near term. The XAUUSD trade idea for today suggests placing a pending Sell Limit order.

The XAUUSD news background shows a bullish outlook, 56% versus 44%. The risk-to-reward ratio exceeds 1:4. The potential profit is 9,200 pips at the first take-profit target and 12,100 pips at the second, while potential losses are limited to 3,000 pips.

Trading plan

• Entry point: 4,061.00
• Target 1: 3,969.00
• Target 2: 3,940.00
• Stop-loss: 4,091.00

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EURJPY trade idea

The EURJPY pair continues to trend upwards despite the current correction. The main trend remains bullish, although selling pressure may trigger a further decline in the short term. The key support level is located at 186.00, where buyers may regain control of market movement. The preferred scenario remains to seek buying opportunities on declines. If the price holds above the support level, this would indicate that the bullish trend remains resilient. The EURJPY trade idea for today involves placing a pending Buy Limit order.

Bearish sentiment is prevailing in the EURJPY pair – 52% versus 48%. The risk-to-reward ratio is 1:5. The potential profit is 140 pips at the first take-profit target and 175 pips at the second, while potential losses are limited to 35 pips.

Trading plan

• Entry point: 186.00
• Target 1: 187.50
• Target 2: 187.75
• Stop-loss: 185.50

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Editors’ picks

EURUSD forecast 2026–2027: technical analysis, price levels & predictions

EURUSD has pulled back from the 2026 high of 1.1915 and is now trading near 1.1450 — below both EMA65 and EMA200 — with the active scenario shifting from bullish to bearish. The ECB raised rates to 2.40%, but the Fed holds at 3.75%, and US inflation (3.5%) continues to outpace the eurozone (2.8%). A confirmed break below 1.1280 opens the next downward wave toward 1.1080. We break down the key levels, three trading scenarios with entry triggers, and what Deutsche Bank, Morgan Stanley and UBS are forecasting for EURUSD in 2026.

Gold (XAUUSD) forecast 2026: predictions based on fundamental and technical analysis

Gold has corrected over 25% from its all-time high of 5,597 USD and is now trading near 4,100 USD — testing a critical support zone. Is this the bottom, or will the downtrend continue? We break down the key levels (support 3,920 USD, breakout trigger 4,500 USD), three trading scenarios with entry levels, and what J.P. Morgan, Goldman Sachs and Deutsche Bank are forecasting for gold in 2026.