DAX holds EMA20 at 24779 with daily uptrend intact

DAX sits in a quiet but constructive posture, holding above EMA20 after a week in which bulls dismantled one resistance level after another.

The index gained just over 0.1% on the session, trading inside a 24763.8 to 24804.6 range. Over the past week price has advanced more than 3%, and the prior context confirms a string of levels have been cleared in succession. No fresh macro catalyst has crossed the wire for this window, so the advance is a clean expression of underlying momentum rather than a news-driven spike.

The structure is encouraging for a trend-following desk, even if the higher timeframes have gone quiet. The daily trend remains up, with price settled above EMA20 at 24779, EMA50 at 24718 and EMA200 at 24638 — the full EMA stack aligned bullishly. RSI sits neutral, leaving room before the index becomes stretched, and volatility is normal. Trend alignment on the shorter timeframes is mixed, which argues for patience over aggression. Immediate resistance stands at 24818; prior context confirms this level has already capped price once, making a clean break the key confirming trigger for the next leg toward 24891 and 25017.

We lean long and buy dips into the 24779–24795 zone where EMA20 and the current bid converge. A daily close below EMA50 at 24718 invalidates the setup and forces a stand-down.