Training and recovery of exchange bias in FeNi/Cu/Co/FeMn spin valves have been studied by magnetoresistance curves with field sweep rates from 1000 to 4800 Oe/s. It is found that training and recovery of exchange field are proportional to the logarithm of the training cycles and recovery time, respectively. These behaviours are explained within the model based on thermal activation. For the field sweep rates of 1000, 2000 and 4000 Oe/s, the relaxation time of antiferromagnet spins are 61.4, 27.6, and 11.5 in the unit of ms respectively, much shorter than the long relaxation time (∼ 10 2 s) in conventional magnetometry measurements.