This morning's breach of 106.44 following the comments from Fed Chief Bernanke confirms recent upmove has finally resumed and further gain to 106.90/00 cannot be ruled out, however, overbought condition should cap upside below 107.40/50 and yield a minor correction later this week.  
On the downside, below 105.94 would signal a temporary top has been formed and bring retracement towards 105.44 (previous resistance).