Manuel Pellegrini's side are now fully focused on claiming the fourth and final spot for the Champions League and Camacho believes his side are capable of doing so despite being five points off the pace.
"We are focused on finishing as high as possible and why should we be satisfied with the Europa League when we still have a chance of getting into the Champions League," Camacho told a press conference.
"This year we have experienced at first-hand how great the competition is, but of course it is better to be in Europe than end up with nothing.
"We have to complete all the work we have done this season in the six matches we have left.
"The team has worked extremely well for the whole season and finishing outside the European places would not be fair on us. It's going to be a short but intense month and each game is crucial."
Malaga may still be denied participation in European competition next season due to a one-year ban imposed on them by Uefa for failing to abide by Financial Fair Play regulations.