EUR/USD Price Analysis: Solid support remains at 1.1170

• EUR/USD is adding to Thursday’s losses and trades near 1.1230.
• The pair stays well supported near 1.1170 in the near-term.

EUR/USD is prolonging the consolidative move at/above the 1.1200 mark at the end of the week.

There is a tough support in the 1.1170/65 band. A breach of this area of contention could morph into a deeper retracement to the 200-day SMA, today ay 1.1037.

In the meantime, while above the latter, the constructive view is expected to remain well in place around EUR/USD.

EUR/USD daily chart