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EU Bank stocks up over 4% in early trade

EQUITIES
  • Bank stocks (SX7E) are close to 14% up from the printed low yesterday, up 4.31% this morning.
  • Next immediate resistance is at 103.49, the 50% retrace of the Gap fall from the 9th March, SVB day.
  • Above the latter would open to 106.54, the 61.8% retrace of that very short term period.

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