EUR/USD forecast: Can risk-on mood keep euro supported despite oil volatility?

While European markets pulled back as oil prices found renewed support, risk appetite on Wall Street was holding up rather well, with investors on Wall Street seemingly content to look past the ongoing noise out of the Middle East and instead focus on the broader macro picture. There's been a noticeable rotation back into equities in the last several days, alongside renewed interest in pro-growth and higher-yielding emerging market currencies – although this motion stalled today.