Bulls at full power on Fed expectations, safe haven flows

King dollar continues to dominate on Wednesday, hitting a new highest in two decades against the basket of major world currencies and 24-year high against yen, strongly underpinned by several factors.
Rising bets that the US central bank will keep aggressive stance in the policy meeting this month, safe-haven buying on growing global uncertainty inflate the greenback, while the most recent better than  expected \US data  showed solid conditions in the services sector, adding to the view that the economy is not in the recession but in a stronger slowdown.

Bullish technical picture on all larger timeframes, contribute to positive outlook.
Bulls eye target at 112.85 (Fibo 161.8% projection of the rally from 2021 low at 89.15 and May 2002 high at 115.34.
Broken psychological 110 support and rising 10DMA (109.31) should keep the downside protected.

Res: 111.00; 112.00; 112.85; 115.35
Sup: 110.00; 109.31; 108.21; 107.43