EUR/USD flies through 1.1550, Odds of 2015 Fed lift-off evaporate

FXStreet (Bali) - EUR/USD continues its steady rise, presently touching new highs around 1.1560 amid thing liquidity in pre-Tokyo hours.

The market is no longer convinced as it was that the Federal Reserve is going to embark upon a tightening cycle anytime soon, prove of that is the Fed fund rate, which places the chances of a rate hike at only 48% this year.

Should the intraday rally persist, the next key resistance for the pair can be found at 1.1580, last European session highs, ahead of 1.16 round number. On the downside, 1.15 becomes now key support.