![DAX forecast for the week of July 7, 2014, Technical Analysis DAX forecast for the week of July 7, 2014, Technical Analysis](https://c.mql5.com/6/0/splash-449.jpg)
![Sergey Golubev Sergey Golubev](https://c.mql5.com/avatar/2012/12/50D09349-3D90.jpg)
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The DAX as you can see had a positive week over the last five sessions,
but remains just below the recent highs. We did in fact close above the
€10,000 level though, so we believe that the momentum is certainly with
the buyers at this point in time. On a break of the recent highs from a
couple of weeks ago, we believe that this market and then in fact runs
to the €12,000 level first. After that, we believe that the market will
go much higher. Pullbacks should be looked at as buying opportunities.
![](https://c.mql5.com/6/0/daxWEEK.jpg)
![](https://c.mql5.com/6/0/daxWEEK.jpg)