An offered market is a situation in which the number of sellers of a particular security is more significant than buyers of the same security. The supply of securities is higher than the demand to buy them. In the context of forex trading, the offered market typically involves that the exchange rate for a specific currency or security is decreasing due to additional offers than bids.
An offered market is considered a temporary situation, as the price of specific securities tends to decline until demand and supply or number of buyers and sellers equalize.