Forex options markets volatility expectations have dropped considerably from their recent peaks, but relatively elevated volatility across US Dollar pairs suggests that we may continue to see significant price moves in the week ahead. Our DailyFX Volatility Indices pulled back sharply following US Nonfarm Payrolls results, but the US Dollar nonetheless tumbled in the days following the NFP result. Given the mixed signals between volatility expectations and USD price action, we see little reason to shift away from our Breakout trading bias.

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Forex Strategy Outlook: Breakout Strategies Remain Attractive on Volatility