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Santander: every day that passes its appearance is more complicated

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The falls of the last sessions are leading the titles of the Cantabrian entity to important support levels, such as the area of ​​approx. 3.30 euros.

Technical analysis
LOW GUIDELINE
S1
3.50
S2
3.30
R1
3,876
R2
3.94

Short term

Medium term

Long term

The falls of the last sessions in the titles of the Cantabrian entity are moving, too, to the title of the control zone above. The bearish guideline. This happens at the present time in the area of ​​approximately 3.95 euros, also coinciding with the highs of the month of October. What does that mean? the 3.95 euros zone is an important resistance zone, and therefore we will talk about the four euros as a round and psychological figure in the titles of Santander in the sense that only above this level we will have a technical improvement within the current series of prices. Meanwhile, everything will be simple bounces (reaction phases) within a clear downward or primary downward trend. In the shortest term we have as support area 3.50 euros and, above all, the minimum of 2019 at 3.30 euros.

Daily chart of Santander since July 17

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