The euro felled against the dollar on Tuesday, as the euro zone dept crisis sticking near a four-year low and fears that austerity steps may harm regional growth, which determines the European common currency.

The investors have scheduled the meeting of Finance Ministers to discuss about the euro zone, a day later. In the meeting, they are likely to give the details of a $1 trillion plan to avoid debt troubles plaguing Greece from spreading to other euro zone nations. The euro has been slipped as low as $1.2315, before pulling back to $1.2400 and it drifted in range of $1.2234 hit on Monday, for the first time, since April 2006.

There is 1.2 % rises in the prices of European share .FTEU3 dampened safe-haven demand for the dollar. It was little changed versus a currency basket .DXY at 86.156, though not far off the 87.063 hit on Monday, since March it's the highest.

It was news to keep euro under selling pressure, which the U. S government had been voted by senate to combat International Monetary Fund bailouts to countries unlikely to refund them. Market players are worried about the potential impact on any future IMF measures to get relieve from euro zone's debt crisis.

In the near term $1.2445 is the one upside target, a 61.8 % retracement of its fall from Friday's high near $1.2575 to Monday's four-year low of $1.2234. The next key support for the euro lies near $1.2135 on the downside, a 50 % retracement of a rally from all-time lows near 82 U. S. cents to record highs just exceeding $1.60.