On the EURUSD daily chart, we can see that the pair has broken below the 1.13000 level of the horizontal resistance. This break is significant long-term if the pair stays below the 1.13000 level. Look for any pullback to enter the short trades. A new downtrend will be invalidated, and the long trades with a higher probability above the 1.14000 level.
Note: Look for the short trade entries with the stop loss above the 1.13600 level.