As they go to West Ham today, Nottingham Forest will host Chelsea.
Edwards said: "I don't think it would be a miracle at all. We have been in worse situations as a football club and still got out of it!
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"We know what we have to do. We have got to pick up points and that has got to start tomorrow (against West Ham)."
Edwards added: "Of course it's not (their hopes are over). We will concentrate on ourselves. Obviously we know that we are going to need some help (off other teams), but we all know how hard it is to win in the Premier League.
"We have got to try and do that - obviously Forest and Burnley have got difficult games as well."