SPA35 as a top laggard among European indices
The Spanish index is trading more than 2% lower duringtoday's session. Looking at the chart from a technical point of view, SPA35 broke abovethe sloping trend line, but buyers quickly gave up. The price returned inside the descending triangle formation, therefore the continuation of a downward move is possible. The slump may occur as soon as the price breaks below the support at 6,890 pts.
SPA35 H4 interval. Source: xStation5
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