EUR/USD edges down ahead of HICP inflation data for the Eurozone.
Speeches by several key ECB governing council members could also impact EUR/USD.
EUR/USD enters oversold levels on the daily chart, indicating risk of a pullback.
EUR/USD trades slightly down on Wednesday in the lower 1.0600s, as it clocks up a sixth consecutive day of losses.
The pair is entering the oversold zone on charts, suggesting traders may be operating with more caution. Whilst this does not definitively indicate an end to the downtrend itself, it does up the odds of an upward correction potentially evolving on the horizon.
In terms of volatility, the main events on the calendar for EUR/USD on Wednesday are the final estimates for Eurozone March inflation data, and several speeches by European Central Bank (ECB) officials.
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