I have really enjoyed this dynasty.
With the addition of Continental Play depth becomes very important. I find I typically need 15 or 16 players who I think of as "starters". My best XI might only be on the pitch together for key games as I work to keep everyone rested enough that they don't have an increased injury chance or decreased performance due to fatigue.
However, that's my strategy when I'm regularly going on to play in the Champions League or Europa League. Given your position, your priority should probably be to qualify again for Continental Play, followed by performing well in Continental Play, followed by domestic cups. A few consecutive years of Continental Play will continue to raise your stature, making your board happy and helping you attract players. This kind of approach also gives you time to build depth, get more home grown and players trained in England.
It's easy, as it is in real life, to get seduced by Europe and have your league performance take a real hit (see Swansea this year).
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