Banks test their supports
The Euro Stoxx Banks would be supported for the seventh time on the 50-week moving average.
The Euro Stoxx Banks index is attempting to rebound from its 50-week moving average, which it has relied on six times since 2023, and a seventh time could be on the cards. The Spanish banking index, Ibex 35 Bancos, has lost its February high support and is trying to hold onto its 50-week moving average. European banks such as BNP Paribas, Société Générale, ING, and Deutsche Bank have significant support levels, including trend lines and previous highs and lows. These banks have shown potential for a rebound, particularly with oversold readings.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
