1.08 is the make or break area for EURUSD
. It is lingering just above this support zone
before Friday's NFP release. Keep in mind that a break of 1.08 could really accelerate things. I wouldn't expect this pair to break this support before the NFP as traders will mostly sit aside and wait for the biggest news release of the week.
Enjoy my waterfall drawing below the 1.08 level :)