{"id":141585,"date":"2019-02-11T06:50:03","date_gmt":"2019-02-11T11:50:03","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=141585"},"modified":"2019-02-11T06:32:37","modified_gmt":"2019-02-11T11:32:37","slug":"intraday-technical-analysis-11-february","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/02\/intraday-technical-analysis-11-february\/","title":{"rendered":"Intraday Technical Analysis 11 February"},"content":{"rendered":"<div id=\"inves-338058952\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">February 11, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <\/strong><a href=\"https:\/\/www.orbex.com\" target=\"_blank\" rel=\"noopener\"><strong>Orbex<\/strong><\/a><\/p>\n<p>Despite the dovish shift at the Fed\u2019s first policy meeting of the year, which weighs on USD, a resurgence in concerns regarding US \/ China trade relations sees the USD strengthen sharply on still inflow. EUR, meanwhile, remains under pressure as Brexit uncertainty and a more somber tone from the ECB keeps sentiment skewed to the downside.<\/p>\n<h2><strong>EURUSD Intraday Analysis<\/strong><\/h2>\n<p><a href=\"https:\/\/www.orbex.com\/blog\/wp-content\/uploads\/2019\/02\/euro-110219.png\" rel=\"prettyPhoto\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-74895 size-large b-loaded\" src=\"https:\/\/www.orbex.com\/blog\/wp-content\/uploads\/2019\/02\/euro-110219-1024x459.png\" alt=\"forex eurusd\" width=\"1024\" height=\"459\" \/><\/a><\/p>\n<p>EURUSD continues to trade within the broad 1.1217 \u2013 1.1569 range\u00a0but has put in a lower high along the bearish trend line from running from the late 2018 highs, suggesting continued downside. Bears will eye for a break of the 1.1291 structural low and rising trend line with a break of the key 1.1217 level needed to signal a resumption of the downtrend.<\/p>\n<h2><strong>GBPUSD Intraday Analysis<\/strong><\/h2>\n<p><a href=\"https:\/\/www.orbex.com\/blog\/wp-content\/uploads\/2019\/02\/gbpusd110219.png\" rel=\"prettyPhoto\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-74894 size-large b-loaded\" src=\"https:\/\/www.orbex.com\/blog\/wp-content\/uploads\/2019\/02\/gbpusd110219-1024x459.png\" alt=\"forex gpbusd\" width=\"1024\" height=\"459\" \/><\/a><\/p>\n<p>Following the recent topside break from the falling wedge pattern that had framed price action, GBPUSD has now traded back down to retest the broken pattern top, which for now is holding as support. Bulls will need price back above 1.3304 to keep further upside in focus. While below 1.3004, the price is still open to the risk of a rundown to the 1.2693 level.<\/p>\n<h2><strong>XAUUSD\u00a0Intraday Analysis<\/strong><\/h2>\n<p><a href=\"https:\/\/www.orbex.com\/blog\/wp-content\/uploads\/2019\/02\/gold-110219.png\" rel=\"prettyPhoto\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-74893 size-large b-loaded\" src=\"https:\/\/www.orbex.com\/blog\/wp-content\/uploads\/2019\/02\/gold-110219-1024x459.png\" alt=\"forex xauusd\" width=\"1024\" height=\"459\" \/><\/a><\/p>\n<p>Gold prices failed to break the 1235.96 resistance level\u00a0for now. The retracement is still holding above the 1298.29 level which bulls will be looking to use as support for a further run higher targeting a break of 1365.53 to confirm a full bullish shift.<\/p>\n<p><strong>By <\/strong><a href=\"https:\/\/www.orbex.com\" target=\"_blank\" rel=\"noopener\"><strong>Orbex<\/strong><\/a><\/p><div id=\"inves-2101914808\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Orbex Despite the dovish shift at the Fed\u2019s first policy meeting of the year, which weighs on USD, a resurgence in concerns regarding US \/ China trade relations sees the USD strengthen sharply on still inflow. EUR, meanwhile, remains under pressure as Brexit uncertainty and a more somber tone from the ECB keeps sentiment [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-141585","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/141585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=141585"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/141585\/revisions"}],"predecessor-version":[{"id":141600,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/141585\/revisions\/141600"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=141585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=141585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=141585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}