I am not sure if the SA banks follow the Eur bank trends. i have only started looking into shares in SA, but if they do, i would hang back a while. the talks over here is that Banks are going in for pressure for the next while as there are still fears abound of the lows being tested.
banks are in such a flat trading range at the moment, that I think it is impossible to call. set your stoplosses wide if you are going to take a direction, IMO. Personally, I don't think banks have the legs to break their resistance levels, and I am bearish and am using a channel breakout as my short entry. The exception is Investec, which is going great guns and looks like a great swing trade setup long, don't ask me why it is not behaving the same as the other banks?