Economies.com provides the latest technical analysis and forecast of the European stocks, in order to keep track of the trend of the EU stocks.
Barclays shares price repeated the negative closings below the main resistance 185.75, to confirm the affection by the main bearish bias domination, also, we notice that the price is affected by 176.90 level forming additional resistance, to increase the chances of renewing the negative attempts to manage to record more targets by reaching 166.30 followed by 160.55 levels.
Stochastic exit from the oversold areas might force the price to provide some sideways trades until gathering new negative momentum followed by starting to record the mentioned negative targets.
Expected trading range for today is between 176.80 and 166.30
Expected trend for today: Bearish