BarCap Trader Expects EUR/USD Consolidation

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BarCap trader expects EUR/USD consolidation in this range of 1.3230-1.3320 ahead of the ECB meeting Thursday. Adds that dips towards 1.3210/30 provide a good buying opportunity.

Hopes for closure on Greece saw waves of buying from leveraged players, speculative bids and reserve managers between 1.3150 and 1.3250, helping the pair run the stops higher to 1.3290.

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