Several Trading Ideas for 29.10.2026

Hello. Below are several recommendations for trading the Forex market on 29.10.2026

EURUSD formed an Inside Bar pattern at the low of 1.1112. The situation is quite interesting given that, unlike other currency pairs, it has not undergone a full upward correction. I think we should wait for a new low below 1.1112 and then watch how the price reacts. Most likely, there will be an attempt to reverse the price, and we can look for buying opportunities around the 1.1071 level. If we consolidate below the level and continue falling, I will look for selling opportunities on pullbacks, with targets at the 1.0952 level.

GBPUSD reacted to the 1.3290 level and almost formed a Pin Bar pattern. Here, too, the situation is ambiguous and at a crossroads. We either resume rising and form an upward trend. Or we move back below the 1.3290 level and continue the downward trend. For now, I am mostly watching the situation. But if good opportunities arise during the day, I will try buying with limited risk, with targets somewhere around the 1.3476 level. I will start looking for selling opportunities once we consolidate below 1.3290.

Best regards, Artem aka TeaDrinker