EUR/USD Lower Ahead of Data

EUR/USD is trading at 1.0543, down 0.0065. The pair is trading choppy as overseas forex traders wind down trading for the day. Chatter about the upcoming European elections and headline news has kept buyers and sellers active. Talk about European economic data due out Wednesday is starting to show up. Italy's National Institute of Statistics (ISTAT) is scheduled to release consumer inflation data (CPI) at 4:00 a.m. ET. The IFO Institute's German Business Climate surveys are scheduled for release at 4:00 a.m. ET. Eurostat is scheduled to release Euro area consumer inflation data (CPI) at 5:00 a.m. ET.