I only took a small position so if I do get the confirmation that I should have originally waited for then I can add to the position. My first target before adding to the position will be a clean break below 0.9390. From here I will target 0.9000 and possibly 0.8800 which is support dating back to September 2015 as long as none of the fib levels create a range.
Fundamentally I don't have too much bias on this trade but I feel neither are likely to cut rates soon. The fundamental reason for this trade to work out would be for oil to start retracing higher and as it is at extreme lows this may be possible.
Comments are welcome with constructive criticism as it all aids to learning.