Spot prices, however, recover around 25 pips from the daily low and currently trade around the 1.1920-1.1925 region, down 0.35% for the day. The US Dollar (USD) gains some positive traction and looks to build on its recovery from a four-year low, touched earlier this week. From a technical perspective, intraday weakness below the 100-hour Simple Moving Average (SMA) could be seen as a fresh trigger for the EUR/USD bears. Spot prices, however, showed resilience below the 1.1900 mark and bounced off the 38.2% Fibonacci retracement level of the latest leg up from the monthly swing low, touched last week. The Relative Strength Index (RSI) sits at 42, reinforcing a consolidative tone and warranting caution before positioning for deeper EUR/USD losses.