EUR/USD opens 1.0775 after closing -0.65% on Friday at 1.0773

It was a whippy session, as the USD moved in step with US yields

Yields fell after the softer US NFPs before inexplicably reversing higher nL1N3AD1HU

The EUR/USD traded to 1.0882 before collapsing to 1.0773

Weak close puts bears back in control, as last week's rallies look like a correction

EUR/USD edged below trend-line support at 1.0778 - but no follow-through yet

Support is at Aug 25 low at 1.0765 and break targets May 31 low at 1.0635

Resistance is at the 10-day MA at 1.0832 and 21-day MA at 1.0881

Market will likely be quiet with US Labor Day holiday today

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