RLinda ! EURUSD-> Trend change or correction?

EURUSD in early November is trying to change the global downtrend. A number of positive fundamental factors contributed to this maneuver. The price confirms the change of the trend and at some point breaks through the resistance of the uptrend channel, indicating to us a more accelerated recovery. But a false break-down of the resistance at 1.02692 is formed.

In the chart, we see a break-down of the base support at 1.02692, which was also the base for the H&S pattern. Ahead is the level of 0.618, from which a pullback might follow, and if the price makes a false-break of the upper boundary of the channel, there is a chance to see the continuation of strengthening of the euro.
But in case of breakdown of the key area and consolidation of the price under the channel resistance, the price may fall to support 0.9926.

Regards R. Linda!