IMHO its fundamental's that move markets, but technical indicators/levels can become self-fufilling proficies (particularly fibo's)...
I don't know exactly where more superior between technicals analysis if compare with fundamental analyze , but for personal opinion i've tend to fundamental side , cause in most of times the market drives by high impact news like NFP news , FOMC , bank rate , EDP , PPI , CPI and many others high impact news . But from my observation so many traders are exciting to analyze the market with technically side like draw the trend line , calculate the support and resistance and other ways