We use First-Order Reversal Curves (FORC) to study the switching distribution and exchange bias in L1(0) (111) FePt-based spin valves with a layer structure of Ta (6)/Pt (3)/L1(0) (111) Fe(53)Pt(47) (20)/Co(50)Fe(50) (1.5)/Cu (4.5)/Co(50)Fe(50) (2)/Ni(80)Fe(20)(3) (in nm). We find that the switching of the free layer magnetization is strongly influence by the magnetic state of the FePt/CoFe fixed layer, as evidenced by tunable coercivity and exchange bias fields.