It has been consolidating between 1175 and 1246 from the beginning of this month. A break above can be traded for fibonacci targets, and a break below the consolidation range can be traded as a short position for a target of 50 .
Make sure to trade what happens and not what you expect :)
Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)