Rolling deformation textures and annealing textures of AgCu28 alloys were studied by means of X-ray diffraction pole figures method; ultimate tensile strength and elongation to failure of AgCu28 alloys were tested too. The results show that dominant deformation textures of Ag and Cu are {110}<112> Brass textures when AgCu28 alloy is 95% reduction by rolling, and the annealing textures are the same as the deformation textures when AgCu28 alloy is annealed at 650 ℃ for 1.5 h under H2 protection ambient atmosphere; ultimate tensile strengths of the deformed AgCu28 alloys are 750 MP along transverse direction(TD) and 680 MPa along rolling direction(RD), respectively; ultimate tensile strength of the annealed AgCu28 are 374 MPa along TD and 327 MPa along RD, respectively and its elongation to failure along TD and RD are about 12%. It is indicated that grains of two phases influence each other in binary eutectic so that their deformation textures are the same as the annealed textures, their grains are ultrafine, recrystallization temperature rises remarkably and ultimate tensile strength which is anisotropy is enhanced remarkably.