In order for deeper pullback, there should be some clear reason for it which means suddenly people dumping the USD. They won't buy it until the price will be significantly down. Why? Sudden death of crazy buyer would be disappeared from the market? WHY? just not better than expected NFP? In my humble opinion I see, the possibility 1) gap up to start the week who thinks this price of dollar is too cheap but responder of NFP in Asian Market and European Market will be a bit lukewarm, about 20-30 pips up for EUR, AUD, GBP against USD. And then resume to go upside.
Of course, NFP data was less than expected but it isn't that bad to alter the course of this big trend even with the big pullback. Time will tell ~
Of course, NFP data was less than expected but it isn't that bad to alter the course of this big trend even with the big pullback. Time will tell ~