There Exist a few Scenarios. Scenario 1 is this level proves to be a a major bottom and this pair rallies from here. This is the situation we should presently prepare for.
Another option is that a less important bottom is created here. In this Case, or in the case that no bottom is created at all, this pair should decline and find a bottom between 107.2 and 106.7.
I expect this pair to trade above 115 in the coming weeks.