Yesterday, Ryan noted some large EUR/CHF options that expire today. They are at 1.2300 and 1.2350 and could explain some of the volatility in EUR/CHF over the past hour.
For EUR/USD the options are lined up at 1.3100, 1.3110, 1.3120 and 1.3125.
My feeling is that volumes are sufficiently high to sideline the options market today; all the focus is on the ECB.