Last week's selloff indicates the rise from January '08 low at 104.95 has indeed ended earlier at 108.62 and marginal weakness below 106.71 is seen but loss of downward momentum should prevent steep fall below support at 106.33 and bring a corrective rebound later.  
Above 107.94 (previous support, now resistance) would signal a temporary low has been formed instead and yield gain towards 108.34/37 resistance area.