EUR/USD back at mid-range levels

03/11/2011 | 00:55 GMT

Sovereign buyers remain the bug of EUR bears and although there have been no reported sightings, dealers are wary of getting overly bearish as some bids usually start appearing. The range so far has been 1.3670/1.3754 and we are now back trading near 1.3700, although sentiment remains bearish.

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