Moyes said: "We still have to go there and think this one might have that rider on it but if we didn't we will still be trying to get a Europa League spot.
"Unfortunately it looks like it can only go to fifth this year so if we can't finish in the top four we will try to finish fifth instead.
"But it makes a change people asking me about finishing in the top four and maybe finishing in Europe.
"If you are a bookmaker you wouldn't be making Everton favourites to make the Champions League, they would be the underdogs and the big outsiders.
"I think it (the underdog tag) can help at times but you'd rather be favourites because people are realistically giving you the true position of where you are."