The euro capitalized on a weaker US dollar, rising to a three-week high.
Following days of back and forth, President Trump finally signaled interest in the coronavirus stimulus bill.
This led to the dollar falling, amid rising sentiment.
The euro, having cleared the 1.1800 level is now seen trading close to the 1.1900 handle.
If this level is breached, then we could expect to see further gains.
Consequently, the EURUSD could be looking to challenge the key 1.2000 level eventually.
The downside risks remain limited as the 1.1800 level could now offer support for price action.