EURO stoxx 50 breaks out, targeting new highsEU Stocks 50 CFDFOREXCOM:EU50FOREXcomThe EU stocks 50 index has recently broke above former resistance in the 6000 - 6040 area. In the last few days, the index has been testing this area from above and so far has managed to hold above it. The index has also been consolidating inside a bullish continuation pattern, namely a bull flag. Today, it is peaking above the resistance trend of this pattern to suggest that the rally is resuming here. Next target is the all-time of 6,200 hit on Feb 25. By Fawad Razaqzada, market analyst with FOREX.com