SPAIN35 Bullish Momentum in Play — Targeting 13,700FUSIONMARKETS:E35 is trading within a clearly defined ascending channel, with the price maintaining strong bullish momentum. This suggests the uptrend may continue, with the upper channel boundary serving as a potential target.
A short-term pullback could present an entry opportunity if buyers show strength through bullish candlestick patterns like a bullish engulfing or hammer formation, potentially driving the price toward the 13,700 level.
However, a break below the channel's lower boundary would invalidate the bullish outlook and may indicate a shift in market direction.
Remember, always confirm your setups and trade with solid risk management.
Best of luck!
