Dollar's cross-inspired selloff to 111.30 on Monday signals the decline from 114.66 to retrace recent upmove is likely to extend towards 111.00 after consolidation, however, loss of downward momentum should prevent steep fall below there and support at 110.48 would hold, yield a rebound later this week.  
Above 112.20/27 would indicate a temporary low is possibly made but break of resistance at 112.69 is needed to confirm and risk correction to 113.00.