Volatility followed after European Central Bank President Mario Draghi said Thursday that he does not anticipate the need to cut interset rates further, but new facts could change the situation.

Although price was accepted below Wednesday’s low, and repaired the March 1st poor low, a late day short covering rally brought it back into the range and did not achieve the outside day. A price level to be aware on Friday is the rally high at 1982.50

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