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.
ING Groep shares price took advantage of the positive factors recently to form strong bullish wave and surpass the bearish channel’s resistance at 10.20, while the stability of this level confirms forming new support line to increase the chances of achieving positive targets in the near term and medium term period by moving towards 10.80 followed by reaching 11.10.
Stochastic attempt to crawl towards the overbought areas reinforces our bullish overview to increase the chances of gaining the positive momentum to manage to reach the mentioned positive targets.
Expected trading range for today is between 10.30 and 10.80
Expected trend for today: Bullish