Euro Stoxx Banks tests support for the seventh time at its 50-week moving average

The Euro Stoxx Banks index, which groups European banks, would be finding support for the seventh time at its 50-week moving average, according to the technical analysis published after the close of October. The text notes that the month left two clear losers and that the banking sector is among the hardest hit, though the author warns it is too early to call the correction over.